Bank of America (BAC) Profit Jumps 27% to $9.1 Billion Last Quarter

Bank of America (BAC) reported a 27% profit increase last quarter, reaching $9.1 billion. The bank's earnings per share rose by 34% year-over-year, with revenue up 15% year-to-date. Net interest income hit $16 billion, exceeding the Bloomberg consensus estimate of $15.92 billion. Additionally, stock-trading revenue surged 70% to $3.62 billion, outperforming Wall Street estimates. This data is significant as it highlights the resilience of Bank of America's performance amid a healthy economic backdrop, indicating strong investor interest and potential market stability.