Strong U.S. Economy Powers Bank of America Profit Higher
Bank of America posted record-high net interest income, the profit it makes from lending. - Seeger Gray/WSJ Bank of America reported third-quarter earnings and revenue that bested analysts’ expectations, thanks to healthy consumer activity and a busy summer in its investment banking division. Profit rose 23% to 1.06 per share, beating estimates of 95 cents per share. Most Read from The Wall Street Journal Net revenue was up 11% to $28.09 billion, compared with forecasts ...