Another major U.S. bank beat earnings expectations on Tuesday, proving that Wall Street had a solid quarter by skleb1234
of the bank’s main divisions saw revenue gains: an 8% increase in its global banking business, a 3% increase on consumer banking revenue and a 2% increase in wealth management revenue.
While revenue fell 2% in the bank’s trading division, total company revenue was largely unchanged from a year earlier at $23 billion, beating analysts’ $22.8 billion estimate.Bank of America is one of billionaire investor Warren Buffett’s favorite stocks.
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