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Bank of America Reports 3Q2011 Financial Results

Business & Finance : Payments News

Bank of America has reported financial results for the third quarter 2011. Card Services reported net income of $1.3 billion, compared to a loss of $9.8 billion in the year-ago quarter. The improvement in net income reflected the im...

Bank of America Reports 2Q2011 Financial Results

Business & Finance : Payments News

Bank of America has reported financial results for the second quarter 2011. Global Card Services reported net income of $2.0 billion, up $1.2 billion from the year-ago quarter as lower credit losses more than offset a $1.4 billion d...

Bank of America Reports 1Q2012 Financial Results

Business & Finance : Payments News

Bank of America has reported financial results for the first quarter 2012. Starting this quarter, the former 'Card Services' business segment has been merged into the new 'Consumer and Business Banking' segment. Revenue of $7.4 bill...

Bank of America Reports 3Q2012 Financial Results

Business & Finance : Payments News

Bank of America has reported financial results for the third quarter 2012. In Consumer and Business Banking, the Card Services segment reported net income of $994 million for the quarter. The number of new U.S. credit card accounts ...

Bank of America Swings to Quarterly Loss on Legal Costs

Business & Finance : DealBook

Bank of America swung to a first-quarter loss of $276 million, compared with a profit of $1.5 billion in the year-ago quarter, as legal expenses related to the financial crisis weighed on its results.

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