Bank of America (NYSE:BAC - Get Rating) announced its earnings results on Friday. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. Bank of America had a return on equity of 11.36% and a net margin of 26.52%. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $24.17 billion. During the same period last year, the firm posted $0.82 EPS. The business's revenue was up 11.1% compared to the same quarter last year.