Bank of America Corp. on Tuesday said a rise in clients and accounts across its business helped boost its third-quarter profit.
Revenue rose to $25.2 billion from $24.5 billion in the year-ago quarter, and was slightly ahead of the FactSet consensus of $25.13 billion.Analysts have trimmed their profit only slightly from the forecast of 83 cents a share set at the start of the quarter, as Bank of America’s large consumer banking unit benefited from a relatively strong U.S. economy and jobs picture.
The bank managed through a “healthy but closing economy that saw U.S. consumer spending still ahead of last year but beginning to slow.”
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