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Bank of America beats on earnings (BAC)

Bank of America reported earnings Friday morning. The company increased revenues and profitability, despite a steep decline in trading.

Bank of America Merrill Lynch beat Wall Street estimates for third-quarter earnings Friday.

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The bank reported earnings of $0.48 per share, even with the second quarter, beating analysts estimates of $0.46 per share.

"Our focus on responsible growth and improving the way we serve customers and clients produced another quarter of strong results," CEO Brian Moynihan said in a statement. "Revenue across our four lines of business grew 4 percent, even with a challenging comparable quarter for trading."

Here are the other key figures from the third-quarter results:

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  • Revenues:
  • Net income:
  • Net interest income (NII):
  • Consumer banking
  • Wealth management
  • Global banking
  • Investment banking fees
  • Total trading
  • FICC trading revenues

This story is developing.

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