Bank of America increased its third-quarter net profit by a third


Bank of America, the second in terms of assets American bank, according to the results of the third quarter, reported an increase in net profit by 33.3% in annual terms to $7 billion 200 million. Calculated per share, the bank's profit was 66 cents, while experts had predicted 62 cents. Quarterly revenues reached $22 billion 800 million, an increase of 4.6%. According to economists, revenues were expected at $22 billion 700 million. The bank increased interest income by 6% to $11 billion 900 million due to higher interest rates, a 4% increase in deposits and loans in the amount of $29 billion.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong