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Bank of America: profit up on consumer loans; deposits rise.
(CercleFinance.com) - Bank of America reported an increase in Q3 earnings, as both loans and deposits grew at its consumer banking unit.
Net income increased 13% y-o-y to 5.6 billion dollars in the third quarter to 30 September. Diluted EPS rose by 17% to 48 cents. Revenue, net of interest expense, increased 1% to 21.8 billion dollars. Revenue in Bank of America's consumer banking unit rose 10% to 8.8 billion dollars, with loans up 8% and deposits up 9%, while the Global Markets arm saw sales and trading fall to 3.9 billion dollars. Shares of Bank of America were little changed today - up just 0.1 percent in pre-market trading. Copyright (c) 2017 CercleFinance.com. All rights reserved. |
19/04/2024 16:29
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