Tag: Bank of America profits

Activity, Trading

Bank of America shares rise after lender posts better-than-expected profit on retail operations

October 16, 2019


Bank of America beat analysts’ estimates for third-quarter profit and revenue as its consumer and advisory businesses offset a slump in trading. The bank said Wednesday that net income excluding an impairment charge rose 4% to $7.5 billion, or an […]

Activity, Investment Banking

Bank of America downgraded as inverted yield curve, Fed rate cuts to hurt income, analyst says

August 29, 2019


Bank of America could see its profits take a hit over the next year as long-term interest rates continue to fall and “the potential for several additional rate cuts” from the Federal Reserve threaten the bank’s income growth, Raymond James […]