Bank of America profit beats estimates as traders get boost from market turmoil


AFP PHOTO/Stan HONDA / FILES

BANK of America beat profit estimates for the latest three-month period on Wednesday as its traders brought in more revenue from tumultuous markets, while interest income rose for a fourth straight quarter.

Banks' trading desks benefited from market turbulence during the second quarter as clients reacted to shifting U.S. trade policies and escalating geopolitical tensions.

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Bank of America , earnings , finance , banking , JP Morgan , Citi

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