Bank of America’s Q1 profits fall 18% on higher expenses, charge-offs 

A BANK OF America sign in Philadelphia. Bank of America Corp. said, Tuesday, its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates. /ASSOCIATED PRESS FILE PHOTO/ MATT ROURKE

NEW YORK (AP) – Bank of America Corp. said on Tuesday its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts’ estimates.  The Charlotte, North Carolina-based bank posted a profit of $6.67 billion, or 76 cents per share, compared with

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