Bank of America Quarterly Profit Rises 58% on Higher Interest Income

Bank of America Corp. third-quarter revenue rose 58%, suggesting banks’ lending companies are beginning to enhance from a pandemic droop.

The second-largest U.S. financial institution earned $7.69 billion, up from $4.88 billion a yr earlier. Per-share earnings of 85 cents topped the 71 cents that analysts polled by FactSet had anticipated.



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