Tag Archives: interest rates

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Bank of America 2Q profits boosted by tax law, higher rates

Bank of America’s second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for customers to borrow.

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JPMorgan Chase reports higher profits, upbeat outlook

JPMorgan Chase reported a jump in first-quarter earnings Friday, lifted by higher interest rates and revenue growth in core businesses.

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Perfect start for stocks in 2018 stalled

The stock market’s fantastic start to 2018 stalled out on Wednesday after interest rates climbed.