Bank of America's Q3 earnings beat expectations with a 10% profit rise

Bank of America reported a 10% increase in third quarter profits, driven by higher interest income and a strong performance from its Wall Street unit. The bank's earnings reached $7.8 billion, with revenue of $25.2 billion, up 3% from the previous year. Net interest income rose 4% year over year, while trading and investment banking revenues also saw growth. However, concerns remain about the bank's investment portfolio and the impact of elevated interest rates. Bank of America's stock rose 2.3% following the announcement.