Bank of America profit rises 15% on lower costs
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BENGALURU] Bank of America, the second-largest US bank by assets, reported a 15 per cent rise in quarterly profit as the lender kept a tight leash on costs and benefited from higher interest rates.
Net income attributable to common shareholders rose to US$5.12 billion for third quarter ended Sept 30 from US$4.45 billion in the year-ago period.
Earnings per share rose to 48 US cents from 41 US cents.
Total revenue rose about one per cent to US$22.08 billion.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
