• Bank of America beats estimates as higher rates boost revenue

    4 monthes ago - By Reuters

    Bank of America Corp, the second-largest U.S. lender by assets, reported a higher-than-expected quarterly profit on Tuesday as revenue rose in three of its main businesses, more than offsetting a fall in trading.
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  • Rising interest rates boost Bank of America's profits

    Rising interest rates boost Bank of America's profits

    4 monthes ago - By The Seattle Times

    NEW YORK - Consumer banking giant Bank of America reported a 10 percent rise in second-quarter profits on Tuesday as gains from higher interest rates were more than enough to offset a drop in trading revenue. The Charlotte, North Carolina-based bank said it earned $5.27 billion, or 49 cents per share, compared with $4.78 [...]
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