{"id":89643,"date":"2024-10-16T04:42:48","date_gmt":"2024-10-16T08:42:48","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89643"},"modified":"2024-10-16T04:45:23","modified_gmt":"2024-10-16T08:45:23","slug":"bank-of-america-tops-estimates-on-better-than-expected-trading-revenue","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2024\/bank-of-america-tops-estimates-on-better-than-expected-trading-revenue.html","title":{"rendered":"Bank of America tops estimates on better-than-expected trading revenue"},"content":{"rendered":"\n<p>(CNBC) The bank\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/d1io3yog0oux5.cloudfront.net\/_fe6073f5fda609db04f2583c0d4be13d\/bankofamerica\/db\/806\/10117\/earnings_release\/The+Press+Release_3Q24.pdf\" target=\"_blank\">said<\/a>\u00a0Tuesday 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%.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/10\/15\/bank-of-america-bac-earnings-q3-2024.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The bank\u00a0said\u00a0Tuesday 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 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89643","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89643"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89643\/revisions"}],"predecessor-version":[{"id":89644,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89643\/revisions\/89644"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}