FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri
- Bank of America Corp recorded a 48.5% fall in quarterly profit as the bank set aside $3.6 billion for potential loan losses tied to the coronavirus pandemic. Net income applicable to common shareholders fell to $3.54 billion, or 40 cents per share, in the first quarter ended March 31 from $6.87 billion, or 70 cents per share, a year earlier.
Analysts had expected a profit of 44 cents per share, on average, according to Refinitiv data. It was not immediately clear whether the estimates were comparable. Reporting by Noor Zainab Hussain in Bengaluru and Imani Moise in New York; Editing by Saumyadeb Chakrabarty and Lauren Tara LaCapra
Source: Loan Digest (loandigest.net)
Dire? You guys can't spell for shit lately. I remember when you used to be credible.
They’re an absolute terrible bank, I left because of their poor service, my wife cancelled her CC because they kept charging her wrong fees and a friend has had her business go elsewhere.
Translation......its too late to do anything about it.
Last thing I'm worried about is 'THE BANKS' They ALWAYS MAKE MONEY. No matter what.
tax increase for everyone.. bonus and bailouts for the top once again are you tired of these govs yet
Money is tight for everyone. Hope this can help someone!
INSURANCE MADE A BUNDLE YES WE KNOW SCHOLARS! READ TWEETS , WHO IS YOUR MASTER
minus the loss provisions (i.e reserve) BofA actually made $
Profit
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