( ) -q-18- UNDATED (Correspondent Jeremy House) “a year earlier.” Bank of America said its profits grew 19% last quarter. [CutID: <Cuts> BOFA-PROFITS-house-q-TUEam.mp3 Time: 18s Title: BOFA-PROFITS-house-q-TUEam Out-cue: a year earlier] TAG: Correspondent Jeremy House reporting. Revenue of $25.2 billion came in just ahead of targets. Bank of America’s net interest income rose 14% to […]
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Bank of America net income jumps 19%, extending the rally for big banks
( ) -q-18- UNDATED (Correspondent Jeremy House) “a year earlier.”
Bank of America said its profits grew 19% last quarter.
[CutID: <Cuts> BOFA-PROFITS-house-q-TUEam.mp3
Time: 18s
Title: BOFA-PROFITS-house-q-TUEam
Out-cue: a year earlier]
TAG: Correspondent Jeremy House reporting. Revenue of $25.2 billion came in just ahead of targets. Bank of America’s net interest income rose 14% to $14.2 billion in the second quarter.
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VERBATIM: Bank of America is the latest of the big banks to see its bottom line boosted by higher interest rates. The nation’s second-largest bank by assets posted a profit of $7.4 billion in the three months ended June 30. That’s up from $6.2 billion in the same period a year earlier.