(Reuters) - NEW YORK, July 19 - Bank of America Corp and other large U.S. banks on Thursday reported higher quarterly profits, as rising fees offset deteriorating credit quality.
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.
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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.
Read more at Reuters.com Bonds News
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