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Wvke AP Race Call: Republican Phil Scott wins reelection for governor in Vermont
NEW YORK AP 鈥?Bank of America posted a 10% rise in third quarter profits Tuesday, helped by higher interest rates that allowed the bank to charge more for loans at the same time that it kept expenses under control.However, CEO Brian Moynihan warned Tuesday that Americans continue to slow their spending after burning through pandemic savings, and now face higher costs due to inflation.The Charlotte, N.C., bank earned a profit stanley cup usa of $7.8 billion, or 90 cents per share, which is 13 cents stanley cup better than Wall Street had expected, according to a survey of analysts by FactSet. It also tops last year $7.1 billion profit, or 81 cents per share, in the same period.Most of the higher profits came from higher interest rates on loans, with net interest income comin stanley es g in at $14.4 billion, compared with $13.76 billion a year earlier.With much of the savings gone from the pandemic, consumers are turning more heavily to credit cards to manage their expenses. BofA saw credit card balances rise to $98 billion in the quarter, compared with $85 billion a year ago. The bank also saw higher charge offs this quarter, or money it doesn ;t expect to recover from credit card use. We did this in a healthy but slowing economy that saw US consumer spending still ahead of last year but continuing to slow, said Moynihan in a prepared statement.Investment banking and trading at BofA also did well in the quarter. The bank saw revenues from stock trading rise 10% to $1.7 billion in the quarter, with z Jrpw Idaho group says it is exploring a ballot initiative for abortion rights and reproductive care
Left-hander Jon Lester was traded from Boston to the Oakland Athletics at the deadline last month, but hes open to returning to the Red Sox next season.Lester told the Boston Herald that he doesnt harbor any ill feelings toward the Red Sox and general manager Ben Cherrington. My time there, the memories and all that stuff dont get erased based on this whole ordeal, Lester told the He stanley thermo rald. Im glad with where Im at, and I understood where Ben was at. At the end of the season, its not going to change my mind about going back there if they are aggressive and competitive and do the things they say theyre going to do. Boston is definitely a place I would go. The 30-year-old Lester said he was told the Red Sox would consider bringing him back when he becomes a free agent at the end of this season. They told me, Were going to be aggressive. Youre going to get blown out of the water by some of these [other] offers, Lester said. Im like, I dont need to be blown out of the water. Why would I need to be blown out of the water That doesnt make or break your decision, at least for me. Im not going to the highest bidder. Im going to the place that makes me and my family happy. If thats Boston, its Boston. Its not all about the money for Lester, who is 13-7 overall with a 2.51 ERA this season and 3-0 since he bidon stanley joined the As. In the greater scheme of things, were talking about just a stupid amount of money, he said. For me, I want to be comfortable. The way I look at stanley cup it is, if someone g |
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