Wall Street boom boosts profits at Bank of America
Third quarter profits at Bank of America (BAC) climbed 23%, becoming the latest banking giant to benefit from a Wall Street dealmaking boom. The country’s second-largest bank posted net income of 1 billion more than what analysts anticipated. A big reason for that performance is that dealmaking fees from the Charlotte-based lender surged 43% from a year ago to 5.3 billion. Both Bank of America’s third quarter trading and dealmaking fe ...