Bank of China 17% Profit Jump Tops Estimates on Margins

Bank of China Ltd., the nation’s fourth-largest lender by assets, posted a better-than-estimated 17 percent increase in third-quarter profit as its lending margin improved.

Net income climbed to 34.8 billion yuan ($5.6 billion), from 29.8 billion yuan a year earlier, according to a statement from the Beijing-based bank yesterday. That exceeded the 32.7 billion-yuan median estimate of 10 analysts surveyed by Bloomberg News.