(Reuters) - Profit rose 5 percent at Bank of America, 24 percent at
SunTrust Banks Inc , 7 percent at BB&T Corp and
11 percent at PNC Financial Services Group Inc .
Earnings fell 2 percent at Fifth Third Bancorp .
Results at all but PNC met or exceeded analysts' forecasts.
Banks are relying on higher fees from such areas as credit
cards and deposits to offset double-digit increases in loan
losses. Asset management and investment banking operations are
boosting revenue as U.S. equity indexes set record highs.
Read more at Reuters.com Market News
SunTrust Banks Inc , 7 percent at BB&T Corp and
11 percent at PNC Financial Services Group Inc .
Earnings fell 2 percent at Fifth Third Bancorp .
Results at all but PNC met or exceeded analysts' forecasts.
Banks are relying on higher fees from such areas as credit
cards and deposits to offset double-digit increases in loan
losses. Asset management and investment banking operations are
boosting revenue as U.S. equity indexes set record highs.
Read more at Reuters.com Market News
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