BofA Profit Rebounds to $4.51 Billion as Revenue Beats Estimates

October 14, 2015 12:01 PM

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Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and revenue exceeded some analysts’ estimates.

Net income was 37 cents a share, compared with a loss of $232 million, or 4 cents a share, a year earlier, when the Charlotte, North Carolina-based bank had $6 billion in legal costs, the firm said Wednesday in a statement. The average estimate of 22 analysts surveyed by Bloomberg was for adjusted e...

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