Bank of America profit jumps 10%, but CEO Moynihan warns of ‘a changing economy’

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Bank of America Corp.’s stock was up 3.8% on Tuesday after the megabank topped Wall Street’s earnings and revenue targets as it marked its 12th straight quarter of growth in its sales and trading business.

Bank of America

BAC Chief Executive Brian Moynihan said consumers continue to spend while maintaining healthy credit profiles, but, he warned, “We potentially face a changing economy.”

This post was originally published on Market Watch

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