Bank of America, US Banks Show Strong Quarterly Earnings
The bank’s earnings per share was the highest in 18 years
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- Written by Banking Exchange staff
Bank of America, the country’s second-largest lender, blew past estimates on both revenue and profit this week.
The bank’s earnings per share was the highest in 18 years.
The political environment helped the U.S. bank as equity trading was strong.
Net income rose by 17% in the quarter, and investment banking was up 21%.
The CEO described the retail banking industry in the United States as healthy.
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