Bank of America ( (BAC) ) has provided an announcement.
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Bank of America reported a robust third quarter with a net income of $6.9 billion and revenue of $25.3 billion, reflecting solid growth in investment banking, asset management, and trading fees. The bank’s strong capital position allowed it to return $5.6 billion to shareholders through dividends and buybacks, while maintaining a CET1 ratio of 11.8%. With a focus on digital expansion and client relationships, Bank of America demonstrates resilience in navigating challenging financial landscapes.
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