Bank of America reported an increase in third-quarter profits as the country’s second-largest bank continued to benefit from higher interest rates, and its traders delivered their best performance in a decade.
Profits climbed 10 per cent to $7.8bn in the quarter from a year ago, the bank said on Tuesday, as its revenues edged up 3 per cent. Cost cutting also helped boost the bank’s results. BofA has eliminated more than 4,000 positions in the past six months, bringing its total headcount down to just under 213,000 at the end of September.
The bank’s Wall Street businesses, notably its fixed-income and equities trading, proved a bright spot in a quarter marked by volatility across bond markets.
您已阅读18%（700字），剩余82%（3106字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。