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Cryptopolitan
2023-04-18 16:45:32

Bank of America profit soars thanks to interest rates

Bank of America profit soars thanks to interest rates

Bank of America Corp posted impressive first-quarter earnings, surpassing analysts’ expectations, as the bank reaped significant interest payments from customers. Additionally, its bond traders experienced their best quarter in ten years. Other major banks, such as JPMorgan Chase and Co and Citigroup Inc, also enjoyed the benefits of higher interest payments in Q1, while setting … Bank of America profit soars thanks to interest rates Read More »

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