July 16, 2020
Via: CNBCBank of America on Thursday posted second-quarter earnings that were bolstered by stronger-than-expected bond trading and investment banking revenue. The bank said it generated earnings of $3.5 billion, or 37 cents a share, exceeding the 27 cents a share expected […]
January 15, 2020
Via: TheStreetBank of America (BAC) – Get Report posted better-than-expected fourth-quarter earnings Wednesday as loan growth offset narrowing interest rate margins at the consumer-focused lender. Shares in the group opened weaker, however, after it cautioned that net interest income would likely […]
October 16, 2019
Via: CNBCBank 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 […]
August 29, 2019
Via: CNBCBank 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 […]
April 16, 2019
Via: CNBCBank 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 […]
January 16, 2019
Via: TheStreetBank 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 […]
May 18, 2023
May 18, 2023
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