Bank of America and Goldman Sachs have reported strong third-quarter earnings, surpassing market expectations. Bank of America posted a net income of $6.9 billion, or $0.81 per diluted share, compared to $7.8 billion, or $0.90 per diluted share, in the same quarter last year. The bank's revenue stood at $25.49 billion, exceeding the expected $25.3 billion. Key highlights include net interest income of $13.97 billion, trading revenue excluding DVA of $4.94 billion, net interest yield of 1.92%, and a common equity tier 1 capital ratio of 13.5%. Additionally, the bank reported loans of $1.08 trillion and total deposits of $1.93 trillion. Goldman Sachs reported a 45% increase in quarterly profits, reaching $3 billion, driven by a surge in trading and investment banking activities. The bank's earnings per share were $8.40, significantly higher than the estimated $6.89. Revenue for the quarter was $12.7 billion, surpassing the expected $11.8 billion. The increase in profits was attributed to strong performance in bond sales, stock offerings, and mergers, with investment banking fees rising by 20%. The bank's annualized ROE was 10.4%, and its market cap stood at $173.09 billion.