Bank of America profits jump 70 percent | Bangkok Post: news

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Bank of America profits jump 70 percent

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Bank of America reported a 70.2 percent increase in second quarter profits on Wednesday, fueled by strong trading and wealth management returns and better credit quality. 

Bank of America reported a 70.2 percent increase in second quarter profits, fueled by strong trading and wealth management returns and better credit quality.

Earnings at the US giant came in at $3.6 billion on revenues of $22.7 billion, up from $2.1 billion on $22 billion in revenues a year earlier.

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