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BofA's Ugly Quarter: FICC Unexpectedly Slides, Bank Tries To Mask Weakness With Massive Reserve Release, Buyback While nowhere near as ugly as Wells Fargo's dismal results, moments ago Bank of America r.....»»

The second-biggest US lender posted a 28% drop in net income to $5.5 billion in the quarter, or $0.59 per share. Brian Moynihan, CEO of Bank of America. Bobby Yip/Reuters Bank of America po.....»»

The Covid-19 pandemic continues to drag on Bank of America Corp.'s earnings, although results show the potential for recovery......»»

Shares of Wells Fargo & Co. slumped 2.5% in premarket trading Friday, after the bank reported a fourth-quarter profit that beat expectations for the first time in six quarters, but revenue that fell more than forecast as lower int.....»»

Hut 8's Q1 2020 earnings fell, pulled lower by falling revenue, decreased EBITDA and increased collateral requirements......»»

BNP Paribas' profit fell by a third in the first quarter, as the coronavirus crisis hit equity trading and prompted the euro zone's biggest bank to set aside more than half a billion euros in loan provisions......»»

Stable revenue performance, offset by increased expected credit losses from COVID-19 VANCOUVER, April 27, 2020 /CNW/ - Overview1 HSBC Bank Canada reported o.....»»

Following the market opening Wednesday, the Dow traded down 2.89% to 23,258.44 while the NASDAQ fell 2.11% to 8,336.48. The S&P also fe.....»»

Following the market opening Wednesday, the Dow traded down 2.89% to 23,258.44 while the NASDAQ fell 2.11% to 8,336.48. The S&P also fell, dropping 2.80% to 2,766.36. read more.....»»

Shares of Bank of America (NYSE:BAC) fell 2.5% in pre-market trading after the company reported downbeat Q1 earnings. Quarterly Results Earnings per share decreased 42.86% year over year to $0.40, which missed the estimate o.....»»

Volatility has increased dramatically in the market, causing an equity rally after the fastest bear market ever. The S&P 500 and Dow Jone.....»»

Getty/Win McNamee JPMorgan Chase reported first-quarter earnings Tuesday that fell short of analysts' expectations. The bank's net revenue fell 3%, while earnings per share plunged more than .....»»

Getty/Win McNamee JPMorgan Chase reported first-quarter earnings Tuesday that fell short of analysts' expectations. The bank's net revenue fell 3%, while earnings per share plunged more than .....»»

Johnson & Johnson, Bank of America, Pfizer and Wells Fargo present potential buying opportunitiesRelated Stocks: JNJ, BAC, PFE, WFC,.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Shares of State Street Corp. rallied 3.3% toward a 15-month high in premarket trading Friday, after the trust bank reported fourth-quarter profit and revenue that rose above expectations, while expenses fell. Net inc.....»»

Consumer banking giant Bank of America said Wednesday that its fourth-quarter profits fell 4% from a year ago, as the bank was impacted by the rapid decline of interest rates in late 2019......»»

Shutterstock/Tero Vesalainen Bank of America Merrill Lynch's fourth-quarter ear.....»»

Interest-rate cuts have lowered revenue for lenders across the country......»»

Shares of Bank of America Corp. rose 0.7% in premarket trading Wednesday, after the bank reported fourth-quarter earnings that topped expectations. Net income was $6.75 billion, or 74 cents a share, compared with $7.04 billion, or 70 cents .....»»