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Big Earnings Boost Bank Of America

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REUTERS/Lucas Jackson The US's third-largest bank by assets said it paid an effective tax rate of 9%. Deposits rose 3%, hitting a record $1.3 trillion in the bank's consumer banking division. Shares of Bank of America were up roughly 1% in early trading Monday after the firm reported earnings that beat analysts expectations, continuing a trend of stellar financial earnings in the first quarter. The Charlotte-based bank said it earned an adjusted $0.62 per share on revenue of $23.2 billion in the first quarter. http://www.businessinsider.com/bank-o... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com

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Bank of America Big Five (banks) Tax rate Earnings Brian Moynihan Bank Of America Primary Dealers Tax First Bank Of Nigeria Taxation Investment Bank United States Markets Insider Jackson
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