(CNBC) The bank said Tuesday that net income fell 12% from a year earlier to $6.9 billion, or 81 cents a share, on higher provisions for loan losses and rising expenses. Revenue rose less than 1% to $25.49 billion as gains in trading revenue, asset management and investment banking fees offset a decline in net interest income. Shares of the bank ended the session up less than 1%.
Bank of America tops estimates on better-than-expected trading revenue
This entry was posted in Syndicated. Bookmark the permalink.
