Bank of America beats profit estimates on growing loan book GlobeBusiness
, allowing it to capture more revenue from higher U.S. interest rates. Revenue rose in two of the lender’s four main businesses.
However, BofA’s trading desks, like its peers, have had a slow start to the year due to the U.S. government shutdown and a drop in volatility, compared with a year earlier when changes in the U.S. tax code and trade war concerns spurred more trading.
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