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Bank of America: Q3 results above expectations

( - Bank of America has reported Q3 2018 net income that is up 32% at 7.
2 billion dollars.

EPS rose 43% to 66 cents, four cents above the consensus.

Net banking income rose by 4% to 22.8 billion dollars, with a 6% increase in net interest income, thanks to higher interest rates and growth in loans and deposits.

The bank's results also benefited from a 118 million dollar reduction in credit loss provisions to 716 million dollars and a 2% decline in non-interest expenses to 13.1 billion dollars.

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