Bank of America reports profit increase.

BANKING AND CREDIT NEWS-October 18, 2023--Bank of America reports profit increase

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Global Banking News - 18 October 2023

Bank of America Corp (NYSE: BAC) has posted an increase in profits.

The bank has posted a 10 percent increase in third party profits. The firm said that it was helped by higher interest rates.

The Charlotte-based bank earned a profit of USD7.8bn, which equates to USD0.90 per share. Last year, the...

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