- MENU
- HOME
- SEARCH
- WORLD
- MAIN
- AFRICA
- ASIA
- BALKANS
- EUROPE
- LATIN AMERICA
- MIDDLE EAST
- United Kingdom
- United States
- Argentina
- Australia
- Austria
- Benelux
- Brazil
- Canada
- China
- France
- Germany
- Greece
- Hungary
- India
- Indonesia
- Ireland
- Israel
- Italy
- Japan
- Korea
- Mexico
- New Zealand
- Pakistan
- Philippines
- Poland
- Russia
- South Africa
- Spain
- Taiwan
- Turkey
- USA
- BUSINESS
- WEALTH
- STOCKS
- TECH
- HEALTH
- LIFESTYLE
- ENTERTAINMENT
- SPORTS
- RSS
- Investing
By Linda Young
New York, NY
Bank of America reported third quarter profits of $6.2 billion profit on revenues that rose by 6 percent compared to the same period a year earlier.
Revenues were $28.7 billion.
The bank said its profits were partially from a one time accounting adjustment of $4.5 billion on structured liabilities and the sale of assets, specifically the sale of shares of China Construction Bank valued at $3.6 billion.
News of Bank of America's profits caused a boost in the stock market.
Investing - Bank of America Reports $6.2B in Profits | Bank of America
CAREERS | INVESTING | PERSONAL FINANCE | REAL ESTATE