Charlotte-based Bank of America Corp. (NYSE: BAC) hit another home run in its third-quarter earnings, which it reported to the public Monday morning.
BofA posted $7.2 billion in net income, or 66 cents in diluted earnings per share, in the third quarter, a 32% increase from $5.4 billion in the third quarter of 2017. Revenue also increased by $1 billion year over year to $22.8 billion. About $9.4 billion of this revenue came from consumer banking alone.
