Big Earnings Boost Bank Of America

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REUTERS/Lucas Jackson The US's third-largest bank by assets said it paid an effective tax rate of 9%. Deposits rose 3%, hitting a record $1.3 trillion in the bank's consumer banking division. Shares of Bank of America were up roughly 1% in early trading Monday after the firm reported earnings that beat analysts expectations, continuing a trend of stellar financial earnings in the first quarter.
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Bank of America, Big Five banks, Tax rate, Brian Moynihan, Bank Of America, Primary Dealers, First Bank Of Nigeria, United States, Markets Insider

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