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Bank of America topped analyst estimates for third-quarter profit and revenue on better-than-expected trading results. Here’s what the company reported: Earnings: 81 cents vs. 77 cents LSEG estimate Revenue: $25.49 billion vs. $25.3 billion estimate. The banks said Tuesday that net income fell 12% from a year earlier to $6.9 billion, or 81 cents a share. Revenue rose less than 1% to $25.49 billion as a rise in trading revenue and asset management and investment banking fees offset a decline in net interest income.

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BofA profit drops on weaker interest income

Bank of America reported a drop in third-quarter profit on Tuesday, as its income from customer interest payments shrank.

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Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.

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Bank of America tops estimates on better-than-expected trading revenue

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BofA Profit Drops on Weaker Interest Income

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Bank Of America Corporation Announces Drop In Q3 Bottom Line, But Beats Estimates


Bank of America topped analyst estimates for third-quarter profit and revenue on better-than-expected trading results. Here’s what the company reported: 
Earnings: 81 cents vs. 77 cents LSEG estimate Revenue: $25.49 billion vs. $25.3 billion estimate  The bank said Tuesday that net income fell 12% from a year earlier to $6.9 billion, or 81 cents a share, on higher provisions for loan losses and rising expenses. Revenue rose less than 1% to $25.4…

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(RTTNews) - Bank of America Corporation (BAC) reported a profit for third quarter that decreased from the same period last year but  beat the Street estimates.

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Bank Of America Corporation Announces Drop In Q3 Bottom Line, But Beats Estimates

(Reuters) -Bank of America reported a drop in third-quarter profit on Tuesday, as its income from customer interest payments shrank. Banks have been paying out higher interest rates amid intense competition for deposits to prevent customers from fleeing to lucrative alternatives such as money market funds. BofA’s net interest income (NII) – the difference between what a bank earns on loans and pays out on deposits – fell 3% to $14 billion in the…

Bank of America tops estimates on better-than-expected trading revenue

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