Big bank beats estimates thanks to pick up in markets.
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. Read Post
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... Read Post
One year ago, Facebook's debut on public markets was meant to be a coronation. It quickly turned into the worst major IPO of the decade, but the preferred clients of big banks made huge profits off the crash. Why? Public documents a... Read Post