28054
Bank of America Reports $4.1b Profit
World Economy

Bank of America Reports $4.1b Profit

Bank of America has reported a net profit of $4.07 billion for the three months to the end of September against a loss of $470 million a year earlier, according to BBC. It comes a year after the bank reached a $5.6 billion settlement with the US government over mortgage loans extended to US homebuyers before 2008. The bank’s non-interest income, which includes mortgage banking, equity and bond trading, rose 1.6% to $11.17billion. Residential mortgage lending at the bank rose 13% to $17billion in the quarter.

 

Short URL : https://goo.gl/Oxo2Ui
  1. https://goo.gl/jFP76c
  • https://goo.gl/u3Kn4A
  • https://goo.gl/keS0cR
  • https://goo.gl/IkRQGE
  • https://goo.gl/FYMiJA

You can also read ...

Automation is eroding jobs.
As workers struggle with the uneven fruits of globalization...
Danish CCI Falls
Denmark’s consumer confidence weakened for the third straight...
Gold Hits Two-Week Low
Gold hit its lowest in over two weeks on Monday, as the dollar...
Kobe Steel Faces Key Debt Test
As Kobe Steel Ltd becomes increasingly embroiled in a data...
Taiwan Jobless Rate Down
The unemployment rate for Taiwan in September moved lower as...
The GDP growth rate would hover around 3% a year.
World Bank’s projection for Kazahstan’s 2017 growth has been...
Brazil Watchdog to Reject Oi Plan
Brazil’s telecoms regulator Anatel on Monday is set to reject...
Pedestrians are reflected on a window displaying share prices of the Tokyo Stock Exchange in Tokyo on October 23, 2017.
Asian stocks ended broadly higher on Monday after the US...

Trending

Googleplus