Bank of America Corp reported a 10-per-cent increase in quarterly profit on Wednesday as a healthy U.S. economy boosted demand for loans.
Net income applicable to common shareholders rose to $7.11-billion, or 74 cents per share, in the second quarter ended June 30 from $6.47-billion, or 63 cents per share, a year earlier.Story continues below advertisement Analysts had expected a profit of 71 cents per share and revenue of $23.2-billion, according to IBES data from Refinitiv, but it was not immediately clear if the numbers were comparable.Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada to buy back up to $500-million in bondsThe Bank of Canada said on Tuesday it plans to buy back up to $500 million from up to nine outstanding bonds in a cash management repurchase operation globebusiness Jerri rigging the accounts for the election?
Source: globeandmail - 🏆 5. / 92 Read more »
Bank of Canada to take control of key interest rate benchmarkCanada’s central bank will assume responsibility for calculating and publishing the Canadian Overnight Repo Rate Average (CORRA) next year
Source: globeandmail - 🏆 5. / 92 Read more »
Second World War code-breaker Alan Turing to appear on new British banknoteTuring will appear on the Bank of England’s next £50 banknote Still, the damage done to him is uncurable. Britrain is synonym of hypocrisy Surprisingly, new £50 note is devoid of security devices relying on Turing's focused stare alone Turing50
Source: globeandmail - 🏆 5. / 92 Read more »
Toronto startup Flybits cashes in on TD Bank endorsement to raise US$35-million from global investorsToronto startup Flybits cashes in on TD Bank endorsement to raise US$35-million from global investors GlobeBusiness
Source: globeandmail - 🏆 5. / 92 Read more »
Evening Update: Trump insists his widely denounced tweets aren’t racist; Bank of Canada to take control of key interest rate benchmarkAlso: Canadian maker of military vehicles for Sudan operates beyond reach of Ottawa’s rules BREAKING: senile racist claims he isn’t a racist
Source: globeandmail - 🏆 5. / 92 Read more »
IMF’s Christine Lagarde to resign on Tuesday, sources sayHer resignation comes after Lagarde was nominated on July 2 to be the next head of the European Central Bank globebusiness greatly over-rated
Source: globeandmail - 🏆 5. / 92 Read more »