Another major U.S. bank beat earnings expectations on Tuesday, proving that Wall Street had a solid quarter by skleb1234
of the bank’s main divisions saw revenue gains: an 8% increase in its global banking business, a 3% increase on consumer banking revenue and a 2% increase in wealth management revenue.
While revenue fell 2% in the bank’s trading division, total company revenue was largely unchanged from a year earlier at $23 billion, beating analysts’ $22.8 billion estimate.Bank of America is one of billionaire investor Warren Buffett’s favorite stocks.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bank of America Third-Quarter Profit FellBank of America’s third-quarter profit fell, but earnings beat analysts’ expectations, despite a $2.1 billion charge related to the coming dissolution of the bank’s payment-processing partnership with First Data.
Weiterlesen »
Three before you leave — What to watch for Wednesday including Netflix, Bank of America earningsWe'll get earnings from Bank of America and Netflix, as well as retail sales on Wednesday
Weiterlesen »
Bank of America beats Q3 Wall Street estimates as CEO focuses on costs in 'moderately growing economy'The bank beat estimates on its earnings per share and met estimates in income.
Weiterlesen »
94% of the time when this happens, stocks are a winning bet over bondsBank of America says investors should still look to stocks for value rather than bonds.
Weiterlesen »
J&J beats third-quarter earnings expectations on higher prescription drug salesJ&J's pharmaceutical business, which accounts for half of the company's revenue, posted revenue of $10.88 billion.
Weiterlesen »
BlackRock beat earnings expectations as technology services drive growth in a 'volatile' marketBlackRock beat earnings expectations as technology services drive growth but profits drop 8%
Weiterlesen »