Bank of America tops estimates on better-than-expected net interest income, equities trading

Bank of America tops estimates on better-than-expected net interest income, equities trading

Bank of America on Wednesday posted fourth-quarter earnings that topped analysts’ expectations on gains from net interest income and equities trading. Here’s what the company reported: Earnings: 98 cents per share vs. 96 cents expected, according to LSEG Revenue: $28.53 billion vs. $27.94 billion expected The company said profit rose 12% from a year earlier…

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Trump's credit card rate cap plan has unclear path, 'devastating' risks, bank insiders say

Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say

(L-R) Wells Fargo CEO and President Charles Scharf, Brian Bank of America Chairman and CEO Thomas Moynihan, JPMorgan Chase Chairman and CEO Jamie Dimon, Citigroup CEO Jane Fraser, State Street CEO Ronald OÕHanley, BNY Mellon CEO Robin Vince, Goldman Sachs CEO David Solomon and Morgan Stanley CEO James Gorman, testify during a Wall Street oversight…

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