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Laura J. Keller

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BANK OF AMERICA Corp. reported a $6.78 billion net income in the second quarter of 2018. / BLOOMBERG FILE PHOTO/RON ANTONELLI

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...
BANK OF AMERICA considering whether to reverse a decision it made two years ago to remove broker commissions from Merrill Lynch retirement accounts. The move comes after the fiduciary rule was struck down in March by a U.S. appeals court. / BLOOMBERG FILE PHOTO/DAVIS TURNER

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...
BANK OF AMERICA is tamping down risk-taking this year. Some people within the company said that the firm’s reluctance to take risks has contributed to defections of dealmakers. / BLOOMBERG FILE PHOTO/RON ANTONLLI

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 reported net income of $6.92 billion for the first quarter. / BLOOMBERG FILE PHOTO/RON ANTONELLI

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...
BANK OF AMERICA posted a $2.37 billion net income for the fourth quarter. / BLOOMBERG FILE PHOTO/DAVIS TURNER

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...
BANK OF AMERICA CORP. reported third-quarter net income of $5.59 billion. / BLOOMBERG FILE PHOTO/RON ANTONELLI

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...
BANK OF AMERICA CORP. posted its highest net income in six years. / BLOOMBERG FILE PHOTO/RON ANTONELLI

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 raised its estimate for how many bogus accounts employees may have created to 3.5 million. / BLOOMBERG FILE PHOTO/ERIC THAYER

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...
BANK OF AMERICA CORP. posted a second quarter decline in interest income despite speculation that the bank would heavily profit from rising federal interest rates. / BLOOMBERG FILE PHOTO/RON ANTONELLI

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...
BANK OF AMERICA's first-quarter profit rose 40 percent on a year-over-year basis, beating estimates, thanks to improved trading revenue.

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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