By Elizabeth Dilts Marshall and Niket Nishant
(Reuters) -Bank of America Corp beat estimates for third-quarter profit on Thursday, boosted by strong growth across its businesses which executives said they expected to continue next quarter.
Growth in loans and leases, higher spending on credit and debit cards, and strong equity-trading and M&A activity helped the bank record a 64% rise in earnings.
Net interest income (NII), which measures how profitably a bank can lend out depositors' funds, rose nearly 10% to $11.09 billion. Bank of America's NII hit a low in the third quarter last year, but executives... More