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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

Market Wrap: Treasury-Equity Reallocation Trade Pushes Futures Lower, 10 Year Rises To 1.72%

Business & Finance : Zero Hedge (yesterday)

While the US daytime trading session has lately become a desperate attempt to expand multiples on the declining earnings of the S&P500, thanks to recurring BOJ intervention in the USDJPY, to keep the S&P above the 100 SMA at all cos... 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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