BofA posts nearly $8B Q3 profit

Nancy Lavin

10/14/2021

BANK OF AMERICA CORP. on Thursday reported a third-quarter profit of $7.7 billion. (AP Photo/Mark Lennihan, File) — BANK OF AMERICA CORP. on Thursday reported a third-quarter profit of $7.7 billion. / AP FILE PHOTO/MARK LENNIHAN

PROVIDENCE - Bank of America Corp. on Thursday reported third-quarter earnings of $7.7 billion. The earnings represent a 57.6% increase over the $4.9 billion profit the bank reported in the third-quarter of 2020, driven in part by the release of $624 million from its credit loss provisions due to “asset quality improvements,” the North Carolina-based…

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