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BoA Profits Up

BoA Profits UpBoA Profits Up

Bank of America Corp, the second-largest US bank by assets, reported its first profit increase in three quarters on Monday, foiling expectations for another drop, as bond trading surged and expenses fell, Reuters reported. Net income attributable to shareholders rose 6.6% to $4.45 billion in the third quarter ended Sept. 30, from $4.18 billion a year earlier. Earnings per share rose to 41 cents from 38 cents in the same period of 2015. Analysts on average had expected earnings of 34 cents per share, according to Thomson Reuters. It was not immediately clear if the figures were comparable.

 

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