Bank of America’s profit climbs 10%, boosted by interest rates and loans

Bank of America Corp. on Tuesday said an increase in clients and accounts across its business helped boost its third-quarter profit as consumer spending continues to grow, but at a slower rate.

The bank’s BAC net income for the three months ending Sept. 30 was up 10% to $7.8 billion, or 90 cents a share, from $7.1 billion, or 81 cents a share, in the year-ago quarter. The FactSet consensus was 81 cents a share.

Revenue…