BofA counters trading slump with gains in consumer banking

Lananh Nguyen

07/17/2019

BANK OF AMERICA reported a profit of $7.35 billion in the second quarter of 2019. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

NEW YORK – Bank of America Corp.’s consumer bankers extended their winning streak for another three months. Gains in the retail division helped drive overall profit to a record for a fifth consecutive quarter as mortgage activity surged and provisions for bad loans posted a surprise drop from the first quarter. The trading division, where…

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