Bank of America
Low Rates, Fewer Loans Cut BofA’s 4Q Profits
Bank of America's results were helped by an $828 million release from its reserves for expected loan losses.
Five Lessons for CFOs As We Approach 2021
Don't let uncertainty deter your company from growth, but be sure finance keeps a close eye on internal processes and key relationships.
Disclosures Amid COVID-19: “None of This Has Been Done Before”
Once the dust finally settles from the COVID-19 crisis, the last thing issuers will want is to face an inquiry and possible enforcement action by the SEC.
BofA Sees Net Interest Income Growth Slowing
Interest rate expectations "have been lowered, plus we have some seasonal headwinds in Q2," CFO Paul Donofrio says.
Bank of America’s Profit Jumps 32%
BofA's consumer banking, global markets, and wealth management divisions drove performance in the third quarter.
Visa, Mastercard Settle Long-Running Fee Suit
The companies said they have already set aside funds to cover the penalty.
BofA Sees Higher Profit On Lower Costs, Taxes
A 5% cut in costs and a substantial reduction in quarterly income tax helped Bank of America post $6.8 billion in second-quarter earnings.
Seven Accused in $5M Insider Trading Scheme
The SEC says the scheme revolved around an IT consultant who had access to a computer system that BofA used to track investment banking deals.
BofA’s Retail Unit Hits ‘Milestone’ $2B Profit
The bank's overall Q2 earnings rose 10% to $4.9 billion as the retail business delivered a 21% increase in net income.
BofA Pays Tutor Perini $37M to Settle Fraud Case
Tutor Perini alleged the bank did not disclose the ARS market was heading for collapse when it sold the securities to the company.
Trump and the Age of Magical Thinking
It's looking like the stock market's "Trump Bump" was just a figment of the imagination, as a deep corporate tax cut grows less likely.