Bank of America has reported its third-quarter earnings, revealing a net income of $6.9 billion, surpassing Wall Street estimates. While the bank experienced a 12% drop in profit due to loan loss provisions and rising deposit costs, strong performance in investment banking and trading helped mitigate the decline. Investment banking fees surged by 18%, contributing significantly to the better-than-expected earnings. Other major banks, including Citigroup and Goldman Sachs, also reported stronger-than-anticipated results amidst market volatility. As Bank of America continues to face challenges with weaker interest income, its solid trading revenue and deal-making fees highlight the resilience of its financial performance.