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What Drove Bank of America’s Q3 Profits to Jump 37% YoY?

Andrew Brunton
What Drove Bank of America’s Q3 Profits to Jump 37% YoY?

On October 15, Bank of America (BAC) reported better-than-expected bottom-line results for the third quarter. The bank posted earnings of $0.67, beating the Wall Street estimate of $0.62 and marking ten consecutive quarters of earnings beats.