(Reuters) -Bank of America said its profit rose in the third quarter, as its investment bankers earned big from advising on mega deals. The bank and its biggest rivals benefited from renewed confidence among corporations to carry out large mergers and acquisitions. Globally, megadeals reached $1.26 trillion during the reported quarter, a 40% jump from the same period last year, marking the second-highest third-quarter total on record, according to Dealogic data. Global dealmaking overall topped $3 trillion in the first nine months of 2025, reaching the highest level since the pandemic peak in 2021, according to Mergermarket data. Investment banking fees at BofA rose 43% to $2 billion from a year earlier, compared with executives' earlier forecast for a 10% to 15% increase. The second-largest U.S. bank on Wednesday reported a net income of $8.5 billion, or $1.06 per share, in the three months ended September 30. That compares with $6.9 billion, or 81 cents per share, a year earlier. (Reporting by Pritam Biswas in Bengaluru, editing by Lananh Nguyen and Shinjini Ganguli)
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