Bank of America's profits rise 7.6% through September despite a $1.2 billion charge

Bank of America reported a net profit of 24,591 million dollars between January and September, representing a 7.6 percent year-over-year increase. The financial institution achieved this growth despite a decline in third-quarter earnings driven by an extraordinary charge of approximately 1,200 million dollars.

In the broader context of the U.S. financial sector, the six largest Wall Street banks accumulated a combined net profit of 145,626 million dollars during the first nine months of the year. This sector-wide performance was supported by strong activity in financial markets and the resilience of private consumption.