Bank of America’s second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for customers to borrow. On a per-share basis, BofA earned 63 cents a share, beating average projections of earnings of 57 cents per share from industry analysts, according to a survey by FactSet. …read more
Source:: Yahoo Finance
