Bank of America’s 2Q profit jumps, helped by fewer bad loans

BANK OF AMERICA's second-quarter profit more than doubled to $9.22 billion from $3.53 billion a year ago. / AP FILE PHOTO/MARK LENNIHAN
NEW YORK (AP) – Bank of America Corp.’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was able to move more loans onto the “good” side of its balance sheet as the pandemic wanes. BofA is the latest of the big Wall Street banks to report stronger profits…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display