Why Bank of America Stock Jumped Today
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
