Two of the nation's largest banking companies reported strong third-quarter earnings on Monday that far exceeded analyst's estimates.

NationsBank Corp., based in Charlotte, N.C., said profits quadrupled to $ 350 million over the level in the year-earlier period. The fourth-largest U.S. banking company recorded $99 million of nonrecurring gains, but also showed improved credit quality, wide net interest margins, and a gain in loan demand.

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