InsightsSuccess
Subscribe Now!
Get A Chance To Feature In Magazine By Submitting Your Interview Today!
No Result
View All Result
InsightsSuccess
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Blog
  • Conferences
No Result
View All Result
InsightsSuccess
No Result
View All Result

Bank of America’s 3Q profit rises 6.6 percent

Bank of America’s 3Q profit rises 6.6 percent - Insights Success

The second-largest U.S. bank, Bank of America has reported its first rise in profit 6.6 percent in three-quarters on Monday.
Total income attributable to shareholders of USD 4.45 billion in the third quarter ended Sept. 30, against USD 4.18 billion a year earlier. Earnings per share rose to 41 cents from 38 cents in the same period of 2015.
CEO Brian Moynihan said in a statement, “We delivered strong results this quarter by staying true to our strategy of responsible growth and focusing on the quality of the relationships with our customers and clients.”
Revenue from currencies, fixed-income securities, and commodities jumped to 32 percent from a year earlier, when it boosted by Brexit-inspired volatility and changing expectations for monetary policy in the United States, Europe, and Japan.
In July the bank would cut annual costs by another USD 5 billion by 2018, which would take the total to about USD 53 billion from about USD 58 billion in 2015, added Brian Moynihan.
However, BofA’s shares had fallen 4.9 percent this year, compared with a 2.5 percent decline in the KBW banking index.

Previous Post

Hyperloop One Focuses for Full-Scale Test with DP World

Next Post

Fact Checking is Upcoming in Google News

Next Post
Fact Checking is Upcoming in Google News - Insights Success

Fact Checking is Upcoming in Google News

// < ?php // if ( post_password_required() ) // return; // $comment_load = get_theme_mod('jnews_comment_load', 'normal'); // $comment_type = apply_filters('jeg_comment_type', get_theme_mod('jnews_comment_type', 'wordpress')); // $is_normal_load = true; // if($comment_type === 'wordpress') // { // $is_normal_load = true; // } else { // $is_normal_load = ( $comment_load === 'normal' ); // } // if($is_normal_load) // { // get_template_part('fragment/comments'); // } else { // get_template_part('fragment/comments', 'button'); // }

Recent News

After Indian Ministers Fail to Persuade Musk to Incorporate His Tesla Business in India, Musk Has Shifted His Focus to Indonesia
Recent News

After Indian Ministers Fail to Persuade Musk to Incorporate His Tesla Business in India, Musk Has Shifted His Focus to Indonesia

Elon Musk, the CEO of Tesla and SpaceX, is slated to visit Indonesia in November as he wraps up operations...

Read more
Asian-Equities

Asian Equities Struggle Following Crippling China Statistics

Elon-Musk

Elon Musk’s Legal Issues Are Causing Tesla and Twitter Stock to Fall

Google-logo

300 European Publishers Sign Content Deals with Google

A-apple-smartphone

Under a New Digital Watchdog, the UK Is Pushing for Stricter Tech Regulations

Path Breakers

Hubstaff

Hubstaff: Time and Workforce Management at Your Fingertips Virtually

Evonence LLC – Expert Google Workspace Partner Across North America

Evonence LLC – Expert Google Workspace Partner Across North America

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Gary-Olson-CEO-of-GHO-Group-LLC

GHO Group LLC: Bringing Vision to Reality

Josh-Usheroff-Co-Founder-of-Black-Box-Productions

Black Box Productions: Crafting Visually Engaging Stories

Insights Success is an archway that caters to Entrepreneurs’ quench of technology and business updates which are currently ruling the business world.
We are ceaselessly proving the best platform for leading companies, which aids indefinite progress while creating meaningful learning experiences for the visitors and invaluable brand awareness for the clients.

  • About Us
  • Advertise With Us
  • General Disclaimer
  • Terms & Condition
  • Privacy Policy
  • Subscribe
  • Contact Us

© Copyright 2022, InsightsSuccess | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Women In Business
  • Blog
  • Conferences
  • IT & Innovations
  • Leadership
  • Healthcare
  • Money
  • Startups

© Copyright 2022, InsightsSuccess | All Rights Reserved.