each posted results that beat analysts' expectations as the firms set aside less money for defaulting loans.
Bank of America, the second-biggest U.S. lender by assets, has booked a total $9.8 billion provision for credit losses in the first two quarters of 2020. Analysts expect that figure to shrink in the third quarter, just as it has at competitors.Shares of Bank of America have declined 29% so far this year, a slightly better performance than the KBW Bank Index.
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Bank stocks are garbage. Will someone tell the pumpers on CNBC to stop promoting them? They keep doing nothing but going down
Congress won’t delay bailing them out I’m sure
good
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