BofA reports fall in earnings.
BANKING AND CREDIT NEWS-January 16, 2020--BofA reports fall in earnings
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Global Banking News - 16 January 2020
Bank of America Corp (NYSE: BAC) has posted a fall in profits.
The firm said that its fourth-quarter profit fell by 4 percent because of falling interest rates. On Wednesday, the firm said that it earned USD6.99bn in the quarter compared to USD7.28bn reported in the same period a year ago.
Revenue was at USD22.35bn, a drop of...
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