Core Insights - Bank of America Corp. reported strong third-quarter results, with shares increasing over 4% intra-day following the announcement of revenues and earnings that exceeded forecasts [1] - Total revenue net of interest expenses reached $28.1 billion, while diluted earnings per share rose to $1.06, both surpassing consensus expectations [1] Financial Performance - Net interest income increased by 9% year-over-year to $15.23 billion, exceeding analyst estimates of $15.03 billion [2] - The bank projected net interest income for the current quarter to be between $15.6 billion and $15.7 billion, indicating an 8% annual increase [2] Segment Performance - The global banking division saw a 43% increase in investment banking fees, exceeding $2 billion, contributing to a 7% rise in total revenue for the segment to $6.2 billion [3] - The global wealth and investment management unit experienced a 10% revenue increase to $6.3 billion, driven by higher asset management fees and larger client balances [3] Business Strength - Executives noted that the results reflected broad-based strength across various business lines and a rebound in deal-making activity after previous trade-related uncertainties [4]