Bank of America Profits Rise 33% on Higher Trading Revenue, Lower Taxes
Higher interest rates in recent quarters also have helped the Charlotte, N.C., bank
By Rachel Louise Ensign
Updated July 16, 2018 12:33 p.m. ET
Rising interest rates and a massive tax cut carried Bank of America Corp. to a 33% increase in second-quarter profit, making it the latest big bank to benefit from strong economic conditions.
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