Bank of America - 1Q16 consisted of $ 1 , down 13 % YoY , after trading revenue and net income fell . Also , total provisions dropped 10 % to $ 2 m in the 1990s , largely due to potential losses on energy loans . CEO Brian Moynihan hinted at further cost cutting at the bank .
Bank of America - 1Q16 profit of $2.7bn, down 13% YoY, after trading revenue and interest income fell. Also, total provisions rose 30% to $997m in the quarter, largely due to potential losses on energy loans. CEO Brian Moynihan hinted at further cost cutting at the bank.