Earnings hit by charge related to dissolution of payments partnership with First Data A one-time charge dented Bank of America Corp.’s third-quarter profit, but the bank posted gains in its consumer, and
Topline: Another major U.S. bank beat earnings expectations on Tuesday, showing that despite ongoing tariff pressures, interest rate cuts and slowing trading revenues, Wall Street had a solid quarter.
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting
New York (CNN Business) — Bank of America's business withstood the slowing economy and tricky interest rate environment better than feared. The nation's second-largest bank said Wednesday it managed to
NEW YORK (AP) — Bank of America's third quarter profits fell 19% from a year ago as the bank wrote down the value of its long-time joint venture payment processor First Data. Excluding that non-cash charge
Application to the Fed underscores Warren Buffett’s positive outlook on the lender and on the U.S. banking sector Warren Buffett’s Berkshire Hathaway Inc. requested permission earlier this month from Federal