BofA’s deal fees surge in sign of investment-bank turnaround

BANK OF AMERICA reported a $5.8 billion profit in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
BANK OF AMERICA reported a $5.8 billion profit in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
NEW YORK – Bank of America Corp. posted the biggest jump in investment-banking fees on Wall Street, helping profit overcome headwinds from lower interest rates. Third-quarter debt underwriting fees unexpectedly surged 19% and the firm’s traders boosted revenue, pushing profit above analysts’ estimates. Its gains in advisory fees also surpassed rivals in the best quarter…

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