Bank of America Corp. said its first-quarter profit rose as the lender started to see the benefits of a long-awaited rise in interest rates. Quarterly profit at the Charlotte, N.C.-based bank was.

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Bank of America reported on Wednesday that its second-quarter net income rose 63 percent to $4 billion, or 32 cents a share, compared with $2.5 billion, or 19 cents a share, in the period a year earlier. Revenue increased to $22.7 billion from $22 billion in the period a year earlier. A conference call to discuss the results is being held at 8:30 a.m.

Bank of America (BAC) could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision in addition to having decent short-term momentum.

Bank of America has cut its forecast for U.S. steel prices and dialed back its earnings expectations for American steel stocks across the board. On Wednesday, Bank of America analyst Timna Tanners.

Bank of America’s earnings growth was powered by a $1.5 billion increase in its top line. The biggest contribution was from trading revenue, which came in at $3.9 billion, a 23% increase over the.

"Bank of America Merrill Lynch" is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC.

By Dan Freed and Sruthi Shankar (Reuters) – Bank of America Corp <BAC.N> reported a near-50-percent jump in fourth-quarter profit on Friday due to cost cuts and higher trading revenue, and its finance chief forecast sturdy income growth ahead thanks to rising interest rates.

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Surging Earnings Estimates Signal Good News for Bank of America (BAC). Current Year Estimates for BAC Meanwhile, Bank of America’ current year figures are also looking quite promising, with.

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Adobe said it is on track to achieve its current-quarter revenue and profit forecast. The company expected an adjusted profit of $1.15 per share and revenue of $1.95 billion for the fourth quarter.

Bank of America Corp’s quarterly profit rose 44 percent as its investment banking and trading units produced hefty gains, and higher long term interest rates also underpinned results for the.