Thursday, April 19, 2007

BA up 5 per cent

Bank of America quarterly profit rises 5 percent (Reuters)

Taxis pass the Bank of America branch in New York's Times Square in a file photo. The second-largest U.S. bank said on Thursday that first-quarter profit rose 5 percent, helped by growth in fee income. (Shannon Stapleton/Reuters)Reuters - Bank of America Corp. , the second-largest U.S. bank, said on Thursday that first-quarter profit rose 5 percent, as growth in fee income helped offset a decline in lending margin.


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