Thu, 17 Oct 2013 09:51:04 GMT
Bank of America posts profit in Q3
Bank of America Corp registered a $2.5 billion profit for the third quarter of this year. Net earnings reached $0.20 per share. The overall revenues exceeded $21.5 billion, while analysts predicted it to hit $22 billion. The company has considerably reduced costs by, for example, cutting 24,000 jobs during the last year. Bank of America Corp stocks added 2.25% to