October 17, 2016 / 1:47 PM / 9 months ago

B of A CFO says $280m benefit from mortgage servicing rights due to slower prepayments

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Oct 17 (Reuters) - Bank of America Corp CEO BRIAN MOYNIHAN SAYS 'U.S. CONSUMER HEALTH IS GENERALLY GOOD' B OF A CFO SAYS NON PERFORMING LOAN INCREASE DRIVEN BY 1 METALS AND MINING CLIENT AND 1 IN ENERGY B OF A CFO SAYS HIGHER CLIENT ACTIVITY DROVE TRADING IMPROVEMENT IN 3Q B OF A CEO PREDICTS COMMERCIAL LENDING WILL IMPROVE ONCE POLITICAL UNCERTAINTY EASES B OF A EXECS SAY CARD BALANCES GROWING BUT INCOME DOWN VS 2015 DUE TO REWARDS TARGETING WEALTHIER CLIENTS B OF A CFO SAYS $280M BENEFIT FROM MORTGAGE SERVICING RIGHTS DUE TO SLOWER PREPAYMENTS (Reporting by Dan Freed)

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