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Bank of America gives dour economic outlook, profit falls

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Apr 15 '20 | By oiam2companyadmin | Views: 40 | Comments: 0

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Bank of America Corp reported a 48.5% drop in first-quarter net income on Wednesday, warning that it anticipated a recession because of the novel coronavirus and setting aside an additional $3.6 billion to cover potential losses.
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Source: https://www.reuters.com/article/us-bank-of-america-results/bank-of-america-gives-dour-economic-outlook-profit-falls-idUSKCN21X1G8?feedType=RSS&feedName=businessNews

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