Bank of the usa Corp. stated its third-quarter profit rose to $5.59 billion because the bank inched nearer to meeting its profitability goals.

Quarterly profit in the second-largest U.S. bank by assets rose 13% from $4.96 billion last year. Per-share earnings of 48 cents were up from last year and capped analyst expectations of 45 cents a share.

Third-quarter…

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