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MiamiGent

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MiamiGent

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Monday, 10/17/2022 9:29:25 AM

Monday, October 17, 2022 9:29:25 AM

Post# of 22506
BAC Bank of America beats profit estimates on gains from higher interest rates
BY MEHNAZ YASMIN AND MANYA SAINI, REUTERS

(Reuters) - Bank of America Corp ( BAC ) on Monday reported a smaller-than-feared 9% drop in quarterly profit, as its interest income was bolstered by a string of rate hikes that helped offset weakness in its investment banking division. (continued)

https://stockcharts.com/h-sc/ui?s=BAC
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