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Bank of America shares up 3.3% on higher profits in its 4 main businesses

Bond trading revenue increases by more than analyst estimates while expenses fall, even as CEO promises more cuts

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Bank of America led financial stocks higher on Monday after reporting earnings per share of 36 US cents, beating the 33 US cent average estimate of analysts surveyed by Bloomberg.

New York

BANK of America Corp posted higher profit in each of its four main businesses as bond trading revenue increased more than analysts estimated and expenses fell.

The second biggest US bank by assets led financial stocks higher on Monday after reporting earnings per share of

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