Bank of America, the second-largest U.S. bank by assets, reported a 14 percent fall in quarterly profit, largely due to lower revenue from fixed-income trading. Net income attributable to common shareholders fell to $2.74 billion, or 25 cents per share, in the fourth quarter from $3.18 billion, or 29 cents per share, a year earlier. Analysts on average had estimated earnings of 31 cents per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable. http://yhoo.it/1y2pRJF http://bit.ly/1fJ5yqZ
Bank of America Profit Falls on Lower Bond Trading Revenue
Bank of America, the second-largest U.S. bank by assets, reported a 14 percent fall in quarterly profit, largely due to lower revenue from fixed-income trading. Net income attributable to common shareholders fell to $2.74 billion, or 25 cents per share, in the fourth quarter from $3.18 billion, or 29 cents per share, a year earlier. Analysts on average had estimated earnings of 31 cents per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable. http://yhoo.it/1y2pRJF http://bit.ly/1fJ5yqZ
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