Laura J. Keller
BofA’s consumer profit jumps as customers boost borrowing
NEW YORK - United States consumers are levering up again, and Bank of America Corp. is using that, along with cost cuts, to boost profit.
Bank...
BofA weighs allowing commissions on Merrill retirement accounts
NEW YORK - Bank of America Corp., faced with a lighter regulatory climate in the Trump era, is considering whether to reverse a decision it...
BofA is said to tap brakes on risk, spurring banker departures
NEW YORK - The message came from one of Bank of America Corp.’s most powerful board members across large video screens: “We’re not going to...
Bank of America’s cost-cutting drive pushes profit to record
NEW YORK - Bank of America Corp. hit a new milestone in its years-long effort to get costs under control.
First-quarter expenses totaled about 60 percent...
BofA has ways to go to hit $53B cost target this...
NEW YORK - Bank of America Corp. once excited investors by pledging steep cost cuts by the end of this year. It still has a...
BofA profit best in six years as rising rates lift revenue
NEW YORK - Brian Moynihan’s efforts to boost Bank of America Corp. profit through cost cutting finally got some help from interest rates. The lender...
BofA profit best in six years as rising rates lift revenue...
NEW YORK - Brian Moynihan’s efforts to boost Bank of America Corp. profit through cost cutting finally got some help from interest rates. The lender...
Wells Fargo boosts fake-account estimate 67% to 3.5M
NEW YORK - Wells Fargo & Co. raised its estimate for how many bogus accounts employees may have created, a sign the bank is...
BofA’s interest income declines even after Fed rate hikes
NEW YORK - Bank of America Corp.’s expected bonanza from rising interest rates has stalled.
The lender, viewed as the most sensitive to rate changes...
BofA profit surges 40% as fixed-income trading beats estimates
NEW YORK - Bank of America Corp. posted a 40 percent year-over-year surge in first-quarter profit, fueled by stronger trading revenue, and added employees...
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