Daily market analysis by forum.forex

forum.forex

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Bank of America reserve release boost

Bank of America Corp beat estimates for third-quarter profit on Thursday boosted by the release of reserves that were set aside last year and growth in its consumer banking division.

Net income applicable to common shareholders rose to $7.26 billion, or 85 cents per share, for the quarter ended Sept. 30 from $4.44 billion, or 51 cents per share, a year earlier.
 
 
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