In the latest earnings report, per-share earnings for the bank were $1.06, exceeding analysts’ expectations of 95 cents. Revenue also saw a significant increase, rising by 11% to $28.1 billion, surpassing the expected $27.5 billion. A year ago, the bank reported net income of $6.9 billion, with per-share earnings of 81 cents, on revenue of $25.3 billion.

Read more at Barron’s: Bank of America Profit Jumps 23%