Bank of America Gives Dour Economic Outlook, Profit Falls

Reuters, Apr. 15, 2020–Zainab Hussain, Imani Moise
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.
https://www.reuters.com/article/us-bank-of-america-results/bank-of-america-gives-dour-economic-outlook-profit-falls-idUSKCN21X1G8