Low Rates Bruise Bank of America’s Profits into 2020
Reuters, Jan. 15, 2020–Imani Moise, Bharath ManjeshR
Bank of America Corp. got stung by lower interest rates in the fourth quarter, sending its profit down 4%, a trend that management expects to continue this year.
https://www.reuters.com/article/us-bank-of-america-results/low-rates-bruise-bank-of-america-profits-into-2020-idUSKBN1ZE1F5