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BofA's quarterly profit rises 44 percent

Reuters 

(Reuters) - Bank of America reported a 44 percent rise in quarterly profit as higher interest rates bulked up earnings from loans and an increase in trading boosted revenue.The second-largest U.S. bank said net income attributable to shareholders rose to $4.35 billion in the three months ended March 31 from $3.02 billion a year earlier.Earnings per share rose to 41 cents per share from 28 per share. (http://bit.ly/2px3E6G)Analysts on average had expected earnings of 35 cents per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were ...

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First Published: Tue, April 18 2017. 16:36 IST
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