✉news BusinessMarkets first seen 4 d ago, last 4 d ago, peak #19
Bank of America misses profit estimates, takes $1.2 billion charge
Original: BofA misses profit estimates on trading weakness, books $1.2 billion charge
Bank of America reported quarterly profit below analyst expectations, citing weakness in its trading business, and booked a $1.2 billion charge. The results add to pressure on the bank's leadership to show its markets unit can keep pace with Wall Street rivals. Investors are watching for details on what drove the charge and how trading revenue trends into the next quarter.
Why now: The bank's earnings miss and unusually large charge are fresh results that move markets and raise questions about its trading performance.
Evidence
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