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UPDATE: Bank of America Posts Rise In Q3 Profit

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Bank of America (NYSE: BAC) 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.

 

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