Topic: Bank of America Corporation
NEW YORK (Reuters) - Estimates for second-quarter earnings edged higher in the latest week as results from bellwether companies like Intel Corp bolstered expectations for the quarter. Earnings for Standard & Poor's 500 companies are expected to increase 28 percent from a ...
Bank of America earns $2.78 billion in second quarter as loan losses easeBank of America says its second-quarter net income rose 15 percent to $2.78 billion as improvements in the company's consumer loan businesses made up for a drop in trading revenue. ...
Palm shares plunged Friday after the struggling US mobile device maker posted more disappointing results and speculation mounted that it could be an acquisition target. Shares in the Sunnyvale, California-based company were trading 18.94 percent lower at mid-day at 4.58 dollars. Bank ...
Goldman Sachs was set to post closely watched results Thursday after losses reported by two big banks dampened the mood for a sector struggling to get out from bailouts and the financial crisis. Bank of America reported worse-than-expected results, while Wells Fargo ...
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> reported a wider-than-expected quarterly loss, hurt by still-high loan losses and its repayment of U.S. government bailout aid. But the nation's largest bank said its credit problems are beginning to stabilize. Its ...
Bank stocks mixed as analysts weigh in on earnings reports; Big hurdles seen for regionalsBank stocks were mixed Monday as analysts weighed in on recent earnings reports, forecasting higher loan losses through the rest of the year, especially among regional banks. Bank ...
NEW YORK (Reuters) - Bank of America Corp, the largest U.S. bank, posted a quarterly profit that topped Wall Street forecasts but warned of a fresh surge in soured loans to credit card, mortgage and business customers. Soaring credit losses may add ...
Investors looking to companies' 2Q revenue growth as a sign that the economy is recoveringInvestors want to see some new math in companies' quarterly reports. No longer content with an economy that's limping toward recovery, the stock market is looking for signs ...
Bank of America 2Q Profit Rises, but So Do Loan Loss ProvisionsBank of America Corp. recorded another profitable quarter Thursday, but gave investors reason to worry as it fattened its provisions for loan losses, an indication it sees lending risks growing. Bank ...
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