BofA’s retail bankers save day for beleaguered bond traders

BANK OF AMERICA reported a net income of $7.3 billion. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
BANK OF AMERICA reported a net income of $7.3 billion in the fourth quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
NEW YORK - Bank of America Corp.’s consumer bankers saved the day for their bond-trading colleagues. The company’s retail-banking business saw a 5 percent jump in average loans in the fourth quarter and drove a record profit for the company, helping counter a slide in bond trading that’s been hurting all of Wall Street. “We…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
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.

- Advertisement -

No posts to display