Bank of America Profit Climbs, Despite Trading Slowdown

Bank of America Corp. said its third-quarter profit rose to $5.59 billion as the bank inched closer to meeting its profitability goals.

Quarterly profit at the second-largest U.S. bank by assets rose 13% from $4.96 billion a year earlier. Per-share earnings of 48 cents were up from a year earlier and topped analyst expectations of 45 cents a share.

Third-quarter…

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