UPDATE: Bank of America Posts Q3 Profit

Bank of America Corp BAC swung to a profit in its third-quarter on Tuesday. Bank of America reported its quarterly profit at $6.2 billion, or $0.56 per share, versus a year-ago loss of $7.3 billion, or $0.77 per share. Its adjusted revenue surged to $28.7 billion. However, analysts were expecting earnings of $0.28 per share on revenue of $25.75 billion. Bank of America shares gained 2.65% to $6.19 in pre-market trading.