Consumers Lift Profit at Bank of America
Wall Street Journal, July 17, 2019–Rachel Louise Ensign (subscription)
U.S. consumers propelled Bank of America Corp.’s profit in the latest quarter, though the bank warned it could take a hit from any Federal Reserve rate cuts. The Charlotte, N.C.-based bank, the second-largest in the U.S. by assets, posted a profit of $7.35 billion, an 8% increase from the $6.78 billion a year earlier.
