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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. Read Post

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... Read Post

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... Read Post

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