Bank of America quarterly profit falls 4 percent
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Sunday
February 05, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SUNDAY, FEBRUARY 05, 2023
Bank of America quarterly profit falls 4 percent

Global Economy

Reuters
15 January, 2020, 06:10 pm
Last modified: 15 January, 2020, 06:11 pm

Related News

  • Bank of America CEO predicts income boost from higher rates
  • Bank of America in settlement talks with US regulators over employee cell phone use
  • Investor pessimism worst since 2008 crisis, Bank of America says
  • Four big US banks raise dividends after stress tests
  • Bank of America: consumer spending on cards up from 2021 across all income groups

Bank of America quarterly profit falls 4 percent

Net income applicable to common shareholders fell to 74 cents per share

Reuters
15 January, 2020, 06:10 pm
Last modified: 15 January, 2020, 06:11 pm
FILE PHOTO: A Bank of America building is seen in Los Angeles, California, US, May 6, 2019. REUTERS/Lucy Nicholson
FILE PHOTO: A Bank of America building is seen in Los Angeles, California, US, May 6, 2019. REUTERS/Lucy Nicholson

Bank of America Corp posted a 4.1percent fall in quarterly profit on Wednesday, as lower interest rates crimped the second-biggest US lender's ability to earn more from loans.

Net income applicable to common shareholders fell to $6.75billion, or 74 cents per share, in the fourth quarter ended Dec 31 from $7.04 billion, or 70 cents per share, a year earlier.

Revenue, net of interest expense, fell slightly to $22.35 billion.

World+Biz

Bank of America

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • ICB to withdraw Padma Bank investment as return eludes
    ICB to withdraw Padma Bank investment as return eludes
  • Some tough tasks on the plate for Bangladesh Bank!
    Some tough tasks on the plate for Bangladesh Bank!
  • Influentials thwart Bangladesh's reform attempts: Economists
    Influentials thwart Bangladesh's reform attempts: Economists

MOST VIEWED

  • Demonstrators wait in line after entering the Presidential Secretariat premises, after President Gotabaya Rajapaksa fled, amid the country's economic crisis, in Colombo, Sri Lanka July 10, 2022. File Photo: REUTERS/Dinuka Liyanawatte
    Sri Lanka marks independence anniversary amid economic woes
  • Gautam Adani. Photo: Bloomberg
    Bloomberg Billionaires Index: Adani slips from top 20 as rout deepens
  • Photo: Michael Nagle/Bloomberg
    Google, Apple, Amazon give investors reason to fret
  • Goldman Sachs has taken one of the most ambitious approaches to getting employees back to their desks. Photographer: Michael Nagle/Bloomberg
    US reports blowout job growth; unemployment rate lowest since 1969
  • File Photo: Reuters
    Oil falls about 3% as strong US jobs data prompt interest rate concerns
  • Citizens in Peshawar protest rising food prices. Photo: Reuters.
    Is Pakistan's economic collapse imminent?

Related News

  • Bank of America CEO predicts income boost from higher rates
  • Bank of America in settlement talks with US regulators over employee cell phone use
  • Investor pessimism worst since 2008 crisis, Bank of America says
  • Four big US banks raise dividends after stress tests
  • Bank of America: consumer spending on cards up from 2021 across all income groups

Features

Photo: Courtesy

From 'Made in Bangladesh' to 'Designed in Bangladesh'

1h | Panorama
Sketch: TBS

Say 'Salud' before your salad main course

1d | Food
Coots running. Photo: Enam Ul Haque

Cute Coot of Baikka Beel: 'And yet he was as bald as a coot'

18h | Panorama
With only one government run specialised cancer hospital in the capital — the National Institute Of Cancer Research and Hospital (NICRH) in Mohakhali — patients have no option but to resort to private hospitals. Photo: Noor A Alam.

Cancer care: Medical treatment and beyond

1d | Panorama

More Videos from TBS

Prioritise medical equipment, raw material imports over luxury items

Prioritise medical equipment, raw material imports over luxury items

16h | TBS Round Table
Adani row rocks India’s parliament

Adani row rocks India’s parliament

15h | TBS World
Concord launches new plant to produce environment friendly bricks

Concord launches new plant to produce environment friendly bricks

20h | TBS Stories
How Asif Khan would invest his fresh funds right now

How Asif Khan would invest his fresh funds right now

21h | TBS Markets

Most Read

1
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

2
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

3
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

4
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

5
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

6
Photo: Collected
Startups

ShopUp secures $30m debt financing to boost expansion, supply chain

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]