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Why Bank of America Stock Jumped Today

TheMotleyFool

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Why Bank of America Stock Jumped TodayPhoto, wide shot, wide-angle lens, Hedge fund, neutral atmosphere, photo by Charlie Waite: https://img.theapi.app/temp/95282efd-f725-49c0-be40-aa74627f7ccc.png

Shares of Bank of America (NYSE: BAC) rose 4.5% on Thursday after the financial services titan delivered solid third-quarter results.

Bank of America's revenue, net of interest expense, climbed 12% year over year to $22.8 billion. That was comfortably above Wall Street's estimates for revenue of $21.8 billion.

The bank holding company enjoyed broad-based growth across most of its major business segments. Notably, strong deposit and loan growth fueled a 10% rise in net interest income, to $11.1 billion.

Source Fool.com

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