BofA profit best in six years as rising rates lift revenue

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BANK OF AMERICA CORP. reported third-quarter net income of $5.59 billion. / BLOOMBERG FILE PHOTO/RON ANTONELLI
BANK OF AMERICA CORP. reported third-quarter net income of $5.59 billion. / 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 as the CEO cut expenses more than forecast and net interest income rose to the highest level since 2011 for the 2017 third quarter.…

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