Bank of America - 3Q2015 net profit of $4.07bn, against a loss of $470m YoY, beating estimates. The bank said it had "significantly improved" its capital position in the second quarter, and that it expected to return cash flow from operations this year by about $1.5bn compared with last year. 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.
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.