BofA profit rises on higher interest payments

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Bruce Cockburn: 50 years of music, spirituality and social justice | SaltWire - Bank of America's profit rose in the third quarter as it joined rivals in earning more from interest payments by its customers.

The second-largest U.S. bank on Tuesday posted net income of $7.27 billion, or 91 cents per share, in the three months ended Sept. 30. It rose from $6.58 billion, or 81 cents per share, a year earlier.

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