Bank of America Corp beat Wall Street estimates for quarterly profit on Wednesda...
“In a moderately growing economy, we focused on driving those things that are controllable,” Chief Executive Brian Moynihan said. “Across nearly every line of business, we were seeing strong customer activity.”
However, this year, markets have been buffeted trade tensions and a weakening global economy, forcing the Federal Reserve to cut rates twice this quarter. Along with that, strong performance in investment banking and equities trading boosted total revenue past Wall Street expectations.
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