Bank of America profit rises 7.3% on bond trading, cost cuts

BANK OF America Corp., the second-biggest U.S. lender by assets, said third-quarter profit rose 7.3 percent, beating analysts’ estimates, as revenue from fixed-income trading was better than predicted and expenses fell.
BANK OF America Corp., the second-biggest U.S. lender by assets, said third-quarter profit rose 7.3 percent, beating analysts’ estimates, as revenue from fixed-income trading was better than predicted and expenses fell.
NEW YORK - Bank of America Corp., the second-biggest U.S. lender by assets, said third-quarter profit rose 7.3 percent, beating analysts’ estimates, as revenue from fixed-income trading was better than predicted and expenses fell. Net income climbed to $4.96 billion, or 41 cents a share, from $4.62 billion, or 38 cents, a year earlier, the…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -