Bank of America is set to report fourth-quarter earnings — here’s what the Street expects

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Will Bank of America join rivals by posting results that benefit from an improving credit picture?

each posted profit that beat analysts' expectations as the firms released a combined $4.4 billion in loan-loss reserves.

Bank of America, the second-biggest U.S. lender by assets, had booked $11.3 billion worth of credit loss provisions in the first three quarters of 2020.in its investment bank, Bank of America could also see a boost from its trading operations.$2.9 billion in shares in the first quarter, plus about $300 million in shares to offset stock given to employees. It also said it would maintain its 18 cent quarterly dividend.This story is developing. Please check back for updates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How about as part of earnings reports going forward they list all of their political contributions in their 10?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines