BofA profit jumps 9.4% on fixed-income gain, beats estimates

BANK OF AMERICA's first-quarter profit rose 40 percent on a year-over-year basis, beating estimates, thanks to improved trading revenue.
BANK OF AMERICA's first-quarter profit rose 40 percent on a year-over-year basis, beating estimates, thanks to improved trading revenue.
NEW YORK - Bank of America Corp., the second-biggest U.S. lender, said profit rose 9.4 percent on gains in fixed-income trading revenue and declines in expenses. Fourth-quarter net income climbed to $3.34 billion, or 28 cents a share, from $3.05 billion, or 25 cents, a year earlier, the Charlotte, N.C.-based company said Tuesday in a…

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