Bank of America Reported Important Earnings and Walgreens and Boots Alliance Delivers Strong Earnings
Bank of America
Bank of America is one of the “Big Banks” in the United States, and they are in Charlotte, North Carolina. They have a market cap of $379.26 billion, and you’ve likely seen at least 5 Bank of Americas on a 10-minute drive in the United States.
On Thursday, Bank of America reported their third quarter earnings, with a lot to go through. They saw a profit of $0.85 per share, which beat expectations by a sizable amount, and the same was for revenue as they saw quarterly revenue of $22.8 billion. This was fuelled by a record amount of mergers and acquisitions, and the investment banking portion also excelled. Due to this, Bank of America closed the day at $45.07, up 4.47%.
Walgreens and Boots Alliance
Walgreens and Boots Alliance, the company that runs what we know is Walgreens, is a healthcare retail company that operates pharmacies across the United States. They are in upper Chicago, and they have a market cap of $43.915 billion.
Walgreens’ earnings were very strong on Thursday as they reported a beat on the key numbers. They saw a profit of $1.17 per share, and quarterly revenue of $34.3 billion, which both were better-than-expected. VillageMD, which is a segment of Walgreens, plans to expand more with the help of Walgreens as they plan to invest in them more, which could benefit the business more. Vaccinations also helped the cause, and the overall beat led to Walgreens closing the day at $50.77, up 7.43%.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.