(CNBC) Bank of America said profit slipped 6.9% from the year earlier period to $6.9 billion, or 83 cents a share, as the company’s net interest income declined amid higher interest rates. Revenue climbed less than 1% to $25.54 billion.mThe firm was helped by a 29% increase in investment banking fees to $1.56 billion, edging out the $1.51 billion Street Account estimate.
Bank of America shares jump 5% after saying net interest income rebound is coming
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