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.
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 Crushes Estimates With 6.6% Profit Gain
A surge in trading revenue and cost-cutting efforts boosted the bank's Q3 bottom line despite stubbornly low interest rates.
Banks Seen as Ready to Handle Fintech Upstarts
A new survey says Goldman Sachs and JPMorgan Chase will be the main beneficiaries of innovations such as the blockchain.
BofA Posts $4.5B Profit in 3Q as Legal Costs Fall
The bank's cost-cutting efforts helped to mitigate the impact of weak revenue in all of its four main businesses except consumer banking.
Bank of America Replaces CFO Thompson
Bruce Thompson is leaving the banking giant amid a management shakeup.
Make BofA Disclose Lobbying Expenses, Glass Lewis Tells Shareholders
Absent improved accountability, bank assets could be used for objectives contrary to shareholder interests, the proxy advisor says.