The Oklahoman

On a roll

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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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