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After Mortgage Settlements, Bank of America's Profit Drops 63%

Business & Finance : DealBook (2 years ago)

Bank of America on Thursday reported a widely expected 63 percent drop in fourth-quarter profit after settling legal claims over its mortgage business. The bank earned 3 cents a share, narrowly beating estimates.

Why Bank Profits Are Good For Stocks

Business & Finance / Investing : Seeking Alpha (2 years ago)

By Ian Wyatt: Big banks are back. And the rest of the stock market is benefiting. Each of the six major U.S. banks beat second-quarter earnings estimates, propelling the market to its best month since January 2010. Bank of America (...

Bank Of America Posts $4.2 Billion Profit

Business & Finance : Business Insider: Money Game (6 years ago)

Bank of America (BAC) continues the big bank profitability streak, saying it made $4.2 billion in the quarter. That includes $3.7 billion in profits from Merrill Lynch, due to a strong capital markets business. The pattern at Merril...

Bank Of America: From Loss To Profit Thanks To Mark-To-Unicorn

Business & Finance : Zero Hedge (2 years ago)

Earlier today, Bank of America surprised the market with its n-th consecutive profit beat in many quarters. Ironically that same profit, of $4,012 MM to be precise, should have been a loss of $221 MM. Why wasn't it? Because in early...

Survey: Nearly 60% of Marketers Plan to Boost Influencer Marketing Budgets

Technology / Social Media : (20 minutes ago)

Influencer marketing is becoming an effective way for brands to generate big returns on social. As new influencers emerge on different social networks, businesses are looking to connect with those influencial people and their follow...


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