Bank of America profit rises on trading boost
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Citigroup Inc. C | 0.00 | |
Bank of America Corp BAC | 0.00 | |
Wells Fargo & Company WFC | 0.00 | |
Jpmorgan Chase JPM | 0.00 | |
Goldman Sachs Group, Inc. GS | 0.00 |
July 14 (Reuters) - Bank of America BAC.N reported a rise in second-quarter profit, driven by strong trading activity as global market volatility prompted clients to reshuffle their portfolios.
The bank reported a net income of $9.1 billion, or $1.21 per share, in the three months ended June 30, compared with $7.2 billion, or 90 cents per share, in the year earlier.