UPDATE 2-Bank of America profit beats on lower costs, loan growth
14 Oct UPDATE 2-Bank of America profit beats on lower costs, loan growth
Posted at 11:55h
in
News
by KMFSLLP
Bank of America Corp reported a
better-than-expected rise in quarterly profit on Monday as the
second-largest U.S. lender benefited from cost cuts, while
higher interest rates and loan growth helped offset weaker bond
trading revenue.
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