Bank Of America Reports $6.2 Billion Profit
Bank of America Corp reported a third-quarter profit, boosted by accounting gains. But it struggling to get income from lending and visitors health insurance investment banking fell. This year Bank of America results its profit as $6.2 Billion. Backlash has faced by the bank due to charge customers $5 per month to use debit cards. Moynihan’s plans make many shareholders to remain unconvinced. Net interest income fell to $10.74 billion from $12.72 billion a year earlier. Bank of America’s noninterest expense, excluding a goodwill write-down a year earlier, rose 4.7 percent to $17.6 billion.
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