✉news BusinessMarkets first seen 4 d ago, last 4 d ago, peak #19
Bank of America misses profit estimates, books $1.2 billion charge
Original: BofA misses profit estimates on capital market weakness; books $1.2 billion charge
Bank of America reported quarterly profit below analyst expectations, citing weakness in its capital markets business, and took a $1.2 billion charge. The results add to pressure on large US banks whose trading and dealmaking revenues have softened, and investors are watching how the bank plans to absorb the charge in coming quarters.
Why now: The earnings miss and the large charge matter for markets and signal broader weakness in investment banking.
Rank over time, top of the chart is #1. 3 snapshots from 4 d ago to 4 d ago.
Evidence
- BofA misses profit estimates on capital market weakness; books $1.2 billion charge · Reuters
- BofA misses profit estimates on capital market weakness; books $1.2 billion charge · Fresno Bee
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