Bank of America reports strong third-quarter earnings and growth

Bank of America ((BAC)) has made an announcement.

Bank of America reported a robust third quarter with net income of $6.9 billion and revenue of $25.3 billion, reflecting solid growth in investment banking, wealth management and trading fees. The bank’s strong capital position allowed it to return $5.6 billion to shareholders through dividends and buybacks while maintaining a common equity Tier 1 (CET1) ratio of 11.8%. With a focus on digital expansion and customer relationships, Bank of America demonstrates its resilience in navigating challenging financial landscapes.

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