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Bank of America to create up to 1,000 new jobs in Belfast

Northern Secretary Hilary Benn has welcomed the announcement of up to 1,000 jobs for Belfast as "fantastic news".

Bank of America profit rises on market turmoil boost

Bank of America's profit rose in the second quarter as its traders brought in more revenue from tumultuous markets in the second quarter, it said today.

Business • 16 Jul

Bank of America said its net interest income - the difference between what banks earn on loans and pay out on deposits - grew 3% to $14.4 billion in the first quarter of 2025

Bank of America's Q1 profit rises on trading strength

Bank of America's profit rose in the first quarter, as market volatility boosted its trading fees, lifting the shares of the bank up 1.9% before the open.

Business • 15 Apr

Bank of America said its investment banking fees jumped 44% to $1.7 billion in the fourth quarter, compared with a year earlier

Bank of America profit jumps on investment banking

Bank of America has today reported higher profit as its investment bankers capitalised on resurgence in dealmaking in the fourth quarter while the lender predicted it would earn more interest income in 2025.

Business • 16 Jan

Bank of America said its investment banking fees jumped 18% to $1.4 billion

Bank of America's third quarter profit beats estimates

Bank of America said its third-quarter profit dropped as it paid more to customers to hold onto their deposits, although its results beat estimates, driven by strong activity in investment banking and trading.

Business • 15 Oct 24

Bank of America is the second biggest US lender

Bank of America profit down on shrinking interest income

Bank of America's second-quarter profit fell as income from interest on loans shrank and provisions for potential credit losses jumped, but a better-than-expected forecast for net interest income sent the bank's shares higher in premarket trade.

Business • 16 Jul 24

Bank of America said its net interest income - the difference between what it earns on loans and pays for deposits - slid 3% to $14 billion

Bank of America profit falls on lower interest payments

Bank of America said today that its profit for the first three months of the year fell as the lender earned less from customer interest payments.

Business • 16 Apr 24

Bank of America said it took $3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index

Bank of America profit falls on $3.7 billion in charges

Bank of America's fourth-quarter profit shrank as the lender took $3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index.

Business • 12 Jan 24

Bank of America is the second-largest US bank

Bank of America profit rises on higher interest income

Bank of America's profit rose in the third quarter as it joined rivals in earning more from interest payments by its customers, while investment banking and trading fared better than expected.

Business • 17 Oct 23

The bank reported a 7% rise in investment banking fees to $1.2 billion.

Bank of America profit up on boost from interest income

Bank of America's profit rose nearly 20% in the second quarter as it earned more from customers' loan payments, while its investment banking business fared better than expected.

Business • 18 Jul 23

Bank of America reports improved quarterly profits

Bank of America profit rises on higher rates boost

Bank of America's first-quarter profit beat analysts' estimates as it collected hefty interest payments from customers while its bond traders had their best quarter in a decade.

Business • 18 Apr 23

Brian Moynihan, Bank of America CEO is attendind the Davos gathering this week

US consumers in 'good shape' - Bank of America CEO

US consumers are still in "pretty good shape," even as the Federal Reserve raises interest rates to tame inflation, Bank of America CEO Brian Moynihan said during the World Economic Forum's annual meeting.

Business • 18 Jan 23

Four American banking giants - JPMorgan Chase & Co, Bank of America, Citigroup Inc and Wells Fargo & Co - will report earnings on Friday.

US banks get ready for shrinking profits and recession

US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking.

Business • 10 Jan 23

JPMorgan Chase & Co chief executive Jamie Dimon

US banks warn of recession as inflation hurts consumers

The biggest US banks are bracing for a worsening economy next year as inflation threatens consumer demand, according to executives.

Business • 07 Dec 22

Bank of America is the second-largest bank in the US

Bank of America profit drops on loan-loss provision

Bank of America has today reported a smaller-than-feared 9% drop in quarterly profit, as its interest income was bolstered by a string of rate hikes that helped offset weakness in its investment banking division.

Business • 17 Oct 22

Bank of America has moved some of its staff recently from Russia, and is in the process of moving others, sources say

Bank of America moves some Russian bankers to Dubai

Bank of America is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western banks this year to relocate staff in the wake of the Russia-Ukraine war.

Business • 13 Sep 22

Analysts expect JPMorgan Chase & Co will report a 25% drop in profit on Thursday

Big US banks' second quarter profits expected to tumble

Second quarter profits at big US banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession.

Business • 11 Jul 22

Bank of America today reported fourth quarter revenue, net of interest expense, of $22.1 billion, up 10% from last year

Bank of America profit jumps on M&A boost, loan growth

Bank of America has today reported a jump in fourth-quarter profit, benefiting from loan growth and a frenetic pace of global dealmaking activity that helped drive its investment banking business.

Business • 19 Jan 22

Bank of America had set aside tens of billions of dollars last year to cover possible loan defaults

Bank of America profit beats on boost from lending

Bank of America beat estimates for third-quarter profit today, boosted by strong growth across its businesses and a release of reserves it had set aside last year to cover bad loans.

Business • 14 Oct 21

Bank of America said its second quarter profits jumped by 173%

Bank of America profit surges on reserve release

Bank of America has today reported a 173% jump in second-quarter profit as it released reserves it had set aside last year at the height of the pandemic, but revenues remained weak and the bank flagged high expenses.

Business • 14 Jul 21

Bank of America is the second-largest US bank by assets

Bank of America's Q1 profit more than doubles

Bank of America's profit more than doubled in the first quarter and topped Wall Street estimates as it released reserves it had set aside to cover potential coronavirus loan losses.

Business • 15 Apr 21

Bank of America reported a 13% fall in consumer banking revenue to $8.2 billion, citing a hit from lower interest rates

Bank of America points to economic recovery

Bank of America posted a drop in fourth-quarter profit today that still topped Wall Street expectations and pointed to signs of an economic recovery as the pace of consumer spending gathers steam.

Business • 19 Jan 21

Bank of America, the second largest US bank by assets, has set aside $1.4 billion as reserves to cover loan losses

Bank of America's profit falls on higher provisions

Bank of America has today reported a 15.8% drop in quarterly profit, hit by higher provisions for credit losses and a slump in performance in three of its four chief segments.

Business • 14 Oct 20

Bank of America has set aside $4 billion for potential loan losses tied to the coronavirus pandemic

Bank of America profit more than halves on Covid woes

Bank of America has today reported a drop of more than 50% in second-quarter profit, even as it set aside only about half as much in reserves as some of its peers against a potential wave of defaults due to the coronavirus crisis.

Business • 16 Jul 20

Analysts expect Bank of America to weather the downturn better than its peers due to its smaller exposure to credit cards and tighter credit standards

Bank of America profit slumps as loan provisions soar

Bank of America has today reported a steep drop in first-quarter profit as it prepared for billions in potential loan losses amid fears that the coronavirus pandemic would plunge the economy into its worst recession in generations.

Business • 15 Apr 20