BofA profit best in six years as rising rates lift revenue in Q3

BANK OF AMERICA CORP. posted its highest net income in six years. / BLOOMBERG FILE PHOTO/RON ANTONELLI
BANK OF AMERICA CORP. posted its highest net income in six years. / BLOOMBERG FILE PHOTO/RON ANTONELLI
NEW YORK - Brian Moynihan’s efforts to boost Bank of America Corp. profit through cost cutting finally got some help from interest rates.  The lender posted the highest net income in six years in the 2017 third quarter as the CEO cut expenses more than forecast and net interest income rose to the highest since 2011. Moynihan and…
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