Bank of America profits rise 28%, wage expenses up too

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BANK OF AMERICA CORP. on Wednesday said its profits rose 28% last quarter from a year earlier. / AP FILE PHOTO/ ELISE AMENDOLAAP FILE PHOTO/ ELISE AMENDOLA
NEW YORK (AP) — Bank of America Corp. said its profits rose 28% last quarter from a year earlier, but the bank faced the same wage inflation as its Wall Street counterparts. The bank said Wednesday that it earned a profit of $7.01 billion, or 82 cents per share, in the fourth quarter. That's up…

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