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Bank of America Reports Rise in Profit

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Bank of America's first-quarter profit rose to $7.31 billion in the first quarter

Quarterly profit at the Charlotte, N.C.-based bank, the second largest in the U.S. by assets, was $7.31 billion, compared with $6.92 billion a year earlier. Per-share earnings were 70 cents. Analysts polled by Refinitiv had expected 66 cents per share.

 

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Just in time for the recession

More branches coming to your neightborhood!!!

Natch

I’m glad their first-quarter profit didn’t rise in the second quarter! edit

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Bank of America to raise minimum wage to $20 an hour by 2021The company's announcement comes as Democratic lawmakers push legislation to raise the federal minimum wage from the current $7.25 to $15 per hour by 2024 amid a tight labor market. Cleaning staff too? Gardening staff too? We'll see. So in other words, they are downsizing. Right hands thi cheetos khai. :-/
Source: washingtonpost - 🏆 95. / 72 Read more »