The second-largest U.S. lender earned a profit of $6.7 billion, or 76 cents a share, for the three months ended March 31, down from $8.2 billion, or 94 cents per share, a year earlier.
NEW YORK, April 16 (Reuters) - Bank of America (BAC.N) , opens new tab shares on Tuesday fell more than 3% after its first-quarter profits shrank and the bank set aside more money to cover souring ...
Bank of America (BofA) has reported a fall in profit during the first quarter as its income from interest payments dropped, although the blow was cushioned by improved trading from its dealmaking ...
NEW YORK (AP) — Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts' estimates.
Bank of America chief strategist predicts hard landing for US economy, recommends 30-year Treasury bonds as hedge against ...
Bank of America's first-quarter revenue didn't grow from a year earlier, but the bank led by CEO Brian Moynihan cut costs by 4%, helping to push earnings per share to 70 cents. That level beat ...
Bank of America beat analysts' earning expectations as the company benefited from a windfall from President Donald Trump's tax cuts and an unexpectedly strong performance from trading. Bank of ...
Bank of America set aside $1.3 billion in provisions for credit losses in the first quarter, up from $931 million a year earlier. It also took more writedowns on office loans, which partly ...
Bank of America’s (BofA) first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards. BofA is among the large lenders, including ...
Bank of America said today that its profit for the first three months of the year fell as the lender earned less from customer interest payments. Bank of America's net interest income (NII) - the ...