On a roll

Chattanooga Times Free Press - - BUSINESS -

Wall Street pre­dicts that Bank of Amer­ica’s lat­est quar­terly re­sults im­proved from a year ear­lier.

The con­sumer bank­ing gi­ant, due to re­port third-quar­ter earn­ings to­day, has ben­e­fited from ris­ing in­ter­est rates. The Fed­eral Re­serve raised rates three times since De­cem­ber, which has al­lowed banks like BofA to charge bor­row­ers more when they take out loans. The con­sumer bank­ing gi­ant’s prof­its jumped 10 per­cent in the sec­ond quar­ter.

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