Bank of America profit beats on lower costs, loan growth
Monday, 15 October 2018 Bank of America Corp reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender benefited from cost cuts, while higher interest rates and loan growth helped offset weaker bond trading revenue.
According to Reuters, The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, and three of the largest lenders reported double-digit profit growth on Friday. The results reflected an array of positive business factors for banks. Their net interest margins - the...
In case you didn't realize, it's Jim Cramer's Action Alerts Plus monthly call day, but this month--for the first time ever--the call is open to everyone. All you have to do is go here and enter in your..
According to Reuters, bank stocks are trading up after a couple positive earnings reports.
Shares for Goldman Sachs surged by 8.3-percent after topping quarterly revenue estimates, putting their stock..
Bank of America Corp reported better-than-expected fourth-quarter profit as higher interest income and loan growth eclipsed declines in revenue from investment... Reuters - Front PageAlso reported by •SeattlePI.com •Seattle Times
Emirates NBD, Dubai's largest bank, on Wednesday reported a 10 percent rise in fourth-quarter net profit as loan growth and improved margins offset lower income... Reuters India - BusinessAlso reported by •Reuters