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Bank of America Earnings Beat Estimates. Its Stock Is Rising—for Once.

·2 min read
Bank of America Earnings Beat Estimates. Its Stock Is Rising—for Once.
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Wall Street found a lot to like in Bank of America ‘s earnings release Thursday as third-quarter results helped push its stock higher. “We reported strong results as the economy continued to improve and our businesses regained the organic customer growth momentum we saw before the pandemic,” Brian Moynihan, chairman and chief executive, said in a statement. Bank of America (ticker: BAC) is the second of the big banks to report results.