UPDATE: Bank of America Posts Rise In Q3 Profit

Bank of America

reported a rise in its third-quarter profit. Bank of America's quarterly profit surged to $2.5 billion, from $340 million, in the year-earlier quarter. The bank's per share earnings came in at $0.20, beating analysts' estimates of $0.19 per share. Its revenue declined to $22.2 billion, from $22.5 billion. Bank of America rose 0.49% to $14.31 in pre-market trading.