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Bank of America Net Rises

Stock quotes in this article: BAC , SLM , JPM  

Bank of America's(BAC Quote) profit rose 5.4% in the first quarter, fueled by increases in fee income, investment banking and mortgage banking.

During the first three months of this year, the Charlotte, N.C., lender made $5.25 billion, or $1.16 a share, compared with $4.98 billion, or $1.07 a share a year, earlier. Revenue rose 2.3% to $18 billion.

BofA's results just squeezed by analysts' estimates as increased credit costs put a damper on the lender. ...

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