Reginal Thomas
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Bank Of America Beat Expectations

Bank of America Corp (NYSE: BAC) beat expectations with higher quarterly profits today. The good news is accredited to the growth of BoA's consumer and wealth management services. Profits from the consumer and business bank went up 32% as revenue rose, cost of credit fell and getting current clients to buy more services. The bank has been working on improving retail banking and brokerage results ever since it acquired Merrill Lynch during the financial crisis.