Bank of America’s Profits Lifted by Tax Law, Rising Interest Rates - http://allcharts.co.za | Breaking NewsApril 16, 2018 12:14 pm
Categorised in: Business
Bank of America Corp. said Monday that a boost from the U.S. tax law and continued rising interest rates helped push first-quarter profit higher, extending the string of better-than-expected results from the nation’s biggest banks.
Quarterly profit at the Charlotte, N.C.-based bank was $6.92 billion, compared with $5.34 billion a year ago. Per-share earnings were 62 cents; analysts had expected 59 cents per share.