Booming Bank Profits Add Another Layer to Wall Street Rally

Date:

Booming Bank Profits Add Another Layer to Wall Street Rally

A Bank of America branch in New York City on Jan. 10, 2017. Stephanie Keith /Reuters

Big banks are reporting big profits in the thick of the third-quarter earnings season, adding another layer to the record Wall Street rally.

Bank of America topped market expectations on Oct. 15, reporting a 23 percent year-over-year increase in profits to $8.5 billion, or $1.06 a share.

spot_imgspot_imgspot_img

Share post:

More like this
Related

General Dynamics Q1 Revenue Soars, Led by Marine and Aerospace

An aerial view of General Dynamics' NASSCO shipyard in...

Fed Leaves Interest Rates Unchanged at Powells Final Meeting as Chair

Jerome Powell: "Today, the FOMC decided to leave our...

LNG Prices Rise Globally as Strait of Hormuz Constraints Continue

Tankers sail in the Gulf near the Strait of...

How to Defend Your Retirement Plan Against a Bear Market

A bear market doesn’t have to derail your retirement...