41 pages, Nov 2015
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Bank of America continues to embark on its long-term strategy to improve operating leverage through building capital and liquidity, while improving the quality of debt. Despite lower interest rates, resulting in moderate declines in consumer debt-based income and reduced valuation for older debt-based securities, the company posted gains in its Q3 2015 results. The increase in non-interest income noted in the company’s most recent reporting is attributed to gains in mortgage and card revenue
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