Bank of America - One2015 net profit of $4.07bn, against a loss of $470m YoY, beating estimates. Revenue, however, fell 2.4% to $20.9bn YoY. Overall a stronger-than-expected One, giving its Chairman and CEO, Brian Moynihan a much-needed win, as he tries to guide the bank to steadier returns and bigger profits.
Bank of America - 3Q2015 net profit of $4.07bn, against a loss of $470m YoY, beating estimates. Revenue, however, fell 2.4% to $20.9bn YoY. Overall a stronger-than-expected 3Q, giving its Chairman and CEO, Brian Moynihan a much-needed win, as he tries to guide the bank to steadier returns and bigger profits.