Bank of America Q3 Profit Drops
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investment bankingReuters
•BofA profit drops on weaker interest income
81% Informative
BofA 's net interest income ( NII ) fell 3% to $14 billion in the third quarter from a year earlier .
CEO Brian Moynihan called the earnings "solid," citing growth in investment banking, asset management fees, and sales and trading revenue.
Shares of the bank rose 1.4% in premarket trading.
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