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00:02Bank of America reported earnings of $1.11 per share on $30.43 billion in revenue,
00:09beating estimates of $1.01 per share and $29.93 billion, according to CNBC.
00:16Net income rose 17% to $8.6 billion, marking its highest EPS in nearly two decades.
00:24Revenue increased 7.2% as net interest income, trading revenue, and fees rose.
00:30Equity's trading revenue jumped 30% to $2.83 billion and drove the strongest trading quarter in 15 years.
00:37Investment banking revenue rose 21% to $1.8 billion.
00:42Net interest income grew 9% to $15.9 billion.
00:47Credit loss provisions fell to $1.3 billion, while fixed income revenue missed expectations.
00:54CEO Brian Moynihan said BOFA saw healthy client activity, solid consumer spending, and stable asset quality,
01:01signaling a resilient U.S. economy while monitoring evolving risks.
01:05For all things money, visit Benzinga.com.
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