Tag: Bank of America Profit

Activity, Corporate Banking, Retail Banking

Bank of America sees 12% Q1 profit dip

April 18, 2022

Via: Banking Dive

Bank of America set aside just $30 million to counter potential credit losses, CNBC reported — far less than the likes of Citi or JPMorgan, which hold greater exposure to Russia. “[Russia] has never been a big part of our […]

Activity, Trading

Bank of America shares slump despite record profit after CFO cites slowing interest growth

April 16, 2019


Bank of America shares dropped Tuesday after executives said the lender’s net interest income growth was falling because of declining interest rates and a slowing U.S. economy. Despite posting a record first-quarter profit driven by cost cuts and strength in […]

Activity, Corporate Banking

Bank of America Doubles Profit in Fourth Quarter, Beats Estimates

January 16, 2019

Via: TheStreet

Bank of America Corp. (BAC – Get Report) said profit doubled in the fourth quarter from a year earlier, when the second-largest U.S. bank took a big write-down related to passage of the 2017 tax law. Net income rose to […]