Bank of America profit rises 10%

Third-quarter profits at Bank of America were up 10% from a year ago as the second-largest US bank got a boost from higher interest income and a strong performance from its Wall Street unit.

Its trading and investment banking revenues were also up, a sign that a slump in dealmaking is starting to thaw. Charlie Munger is a fraction as wealthy as Warren Buffett. He'd be worth over $10 billion if he kept all of his Berkshire Hathaway stock. Super-rich Americans are now giving up on the stock market, holding historic levels of cash — here's why and what they're plowing their wealth into insteadQuite a few insiders have dramatically grown their holdings in Bank of Montreal over the past 12 months. An...Posthaste: Cooling housing market could spur Bank of Canada to cut rates sooner, says economistNational Bank of Canada and another financial stock look like a great value at current prices.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of America’s quarterly profit rises on higher interest income, surprise investment banking gainBank of America posted net income of $7.27-billion, or 91 cents per share, in the three months ended Sept. 30
Source: globeandmail - 🏆 5. / 92 Read more »