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Bank of America Q2 profits drop as higher interest rates slow down lending

Bank of America said Tuesday its profits fell in the second quarter, as higher interest rates ate into expenses, including its large consumer banking franchise

By: ABC News

Jul 18 2024
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Bank of America Q2 profits drop as higher interest rates slow down lending — Bank of America Q2 profits dro

NEW YORK -- Bank of America said its profits fell in the second quarter, as higher interest rates ate into BofA's expenses, including its large consumer banking franchise. But like Goldman Sachs, B… [+1332 chars]

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