Bank of America, Procter & Gamble beat earnings expectations

(Charlotte, NC) -- Bank of America is beat expectations in its latest earnings report.  

The banking giant saw a profit of seven-billion dollars in the last quarter. That comes out to 82 cents a share, which beat analyst expectations. The release of 851-million dollars in loan loss reserves also contributed to the gains. That was made possible by an improvement in credit quality.

Meanwhile over in Cincinnati, price hikes are helping Procter & Gamble beat expectations in its latest earnings report. The Ohio-based company reported revenue of just under 21-billion dollars while earnings per share were almost exactly what analysts were expecting.  

Net income was more than four-point-two billion dollars. Price increases contributed to gains in sectors including oral care.  That category features products like Crest toothpaste.