Bank of America profit rises 6.6 percent as bond trading picks up

Bank of America profit rises 6.6 percent as bond trading picks up
 

Bank of America Corp (BAC.N), the second-largest U.S. bank by assets, reported its first rise in profit in three quarters on Monday, boosted by strong results from bond trading.
Net income attributable to shareholders rose 6.6 percent to $4.45 billion (£3.66 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 I/B/E/S, although it was not immediately clear if the figures were directly... read more

 
17 October 2016 in Business, Views: 40
Source: Reuters
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