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BofA profit drops on weaker interest income
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BofA profit drops on weaker interest income
Oct 17, 2024 12:38 PM

(Reuters) - Bank of America's profit fell in the third quarter as its income from customer interest payments shrank.

The second-largest U.S. bank's net income fell to $6.9 billion, or 81 cents per share, it said on Tuesday. That was down from $7.8 billion, or 90 cents per share, a year earlier.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Anil D'Silva)

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