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Top related persons:
Carlo Allegri - 2 Brian Moynihan - 2 BofA - 2 Wells - 2 Manya Saini - 2 Nupur Ananad - 2 Saeed Azhar - 2 Lananh Nguyen - 2
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Manhattan New York City , New York U.S NII Bengaluru Nupur New York
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of America - 2 REUTERS - 2 Bank of America - 2 Federal Reserve - 2 Lending - 2 JPMorgan Chase - 2 Citigroup - 2 Thomson - 2

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2 mentions found


☆ BofA profit beats estimates on higher interest income, investment banking gains
  + stars: | 2023-10-17 | by ( Manya Saini Nupur Anand | Manya Saini | Nupur Anand | ) www.reuters.com   time to read: +3 min
A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. BofA's investment banking and trading units managed to outperform Wall Street expectations as they reported higher revenue, bucking an industry-wide slump. Total investment banking fees rose 2% to $1.2 billion, while sales and trading revenue was up 8% to $4.4 billion in the third quarter. BofA's net interest income (NII) rose 4% in the third quarter to $14.4 billion. BofA's revenue, net of interest expense, increased 3% in the quarter to $25.2 billion.
Persons: Carlo Allegri, Brian Moynihan, BofA, Wells, Manya Saini, Nupur Ananad, Saeed Azhar, Lananh Nguyen, Anil D'Silva Organizations: of America, REUTERS, Bank of America, Federal Reserve, Lending, JPMorgan Chase, Citigroup, Thomson Locations: Manhattan, New York City , New York, U.S, NII, Bengaluru, Nupur, New York
☆ BofA profit beats estimates on interest income, gains in investment banking, trading
  + stars: | 2023-10-17 | by ( Manya Saini Nupur Anand | Manya Saini | Nupur Anand | ) www.reuters.com   time to read: +3 min
A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. Revenue at BofA's consumer banking unit rose 6% to $10.5 billion in the third quarter. BofA's investment banking and trading units outperformed. Total investment banking fees rose 2% to $1.2 billion, bucking an industry-wide slump. Sales and trading revenue was up 8% to $4.4 billion in the third quarter to its highest in more than a decade.
Persons: Carlo Allegri, Brian Moynihan, BofA, Alastair Borthwick, Borthwick, Wells, Manya Saini, Nupur Ananad, Saeed Azhar, Lananh Nguyen, Anil D'Silva Organizations: of America, REUTERS, Bank of America, U.S, Federal Reserve, Lending, JPMorgan Chase, Citigroup, Thomson Locations: Manhattan, New York City , New York, U.S, NII, Bengaluru, Nupur, New York
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