Bank of America’s Q2 results hurt by pandemic like others

Ken Sweet and PBN Staff

07/16/2020

BANK OF AMERICA reported a second quarter profit of $3.53 billion. / AP FILE PHOTO/STEVEN SENNE

NEW YORK (AP) – Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the pandemic. Bank earnings this quarter have begun to paint a picture of American families and businesses struggling to pay bills with swaths of…