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Bank of America profit falls on lower customer interest payments
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Bank of America profit falls on lower customer interest payments
Apr 16, 2024 4:43 AM

April 16 (Reuters) - Bank of America's ( BAC ) profit

fell as the lender earned less from customer interest payments.

The second-largest U.S. lender earned a profit of $6.7

billion, or 76 cents a share, for the three months ended March

31, down from $8.2 billion, or 94 cents per share, a year

earlier.

(Reporting by Mehnaz Yasmin in Bengaluru and Saeed Azhar in New

York; Editing by Lananh Nguyen and Shinjini Ganguli)

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