Bank of America gains profit
Bank of America said it returned to profit in the first quarter of this year, reporting better than expected net income of 3.2 billion dollars.
The bank, which is often considered a bellwether for the American economy, said Friday morning that it clawed back to profitability in the first quarter after two consecutive periods of losses.
It [...]
$3.3 Billion Income for JPMorgan Chase in 1st Quarter
“The firm’s net income of $3.3 billion reflected another strong quarter for the investment bank, particularly in fixed income markets,” Jamie Dimon, JPMorgan’s chief executive, said in a statement. “Unfortunately, these good results were partially offset by high losses in the consumer credit portfolios.”
After almost two and a half years of sobering news, the head [...]
