Bank of America Profit Rises 11%, Beats Expectations
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Bank of America, the second-largest bank in the U.S. by assets, reported profit of $7.4 billion in the first quarter, up 11% from a year ago. In the first quarter of 2024, Bank of America posted net income of $6.7 billion, or 76 cents per share, on revenue of $25.8 billion. Bank of America’s stock rose 1.6% in premarket trading on Tuesday.
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