BofA revenue misses estimates as bond trading ebbs at year-end

BANK OF America Corp. posted fourth-quarter revenue that missed analysts’ estimates as a 12 percent increase in bond trading fell short of predictions. / BLOOMBERG NEWS PHOTO
BANK OF America Corp. posted fourth-quarter revenue that missed analysts’ estimates as a 12 percent increase in bond trading fell short of predictions. / BLOOMBERG NEWS PHOTO
NEW YORK - Bank of America Corp. posted fourth-quarter revenue that missed analysts’ estimates as a 12 percent increase in bond trading fell short of predictions. Profit surged as CEO Brian Moynihan cut expenses. “Things tapered off at the end of the year,” Chief Financial Officer Paul Donofrio said Friday in a conference call with…

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