• Bank of America just ended a weak quarter-but there were 3 little-noticed bright spots

    7 days ago - By Fortune

    Around Christmas of last year, Bank of America looked as though it had clinched one of the biggest comebacks in banking history. After flirting with bankruptcy in the great financial crisis, BofA went on a half-decade tear to post $29 billion in net income for 2019, a 75% jump in just two years. CEO Brian Moynihan was doing what had seemed impossible: closing the profits gap with longtime universal banking champ , Jamie Dimon's JPMorgan Chase , and BofA easily outracing another rival it has long lagged, Wells Fargo. In late 2016, Wells Fargo's market cap was 40% bigger than BofA's. Then...
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