UKDigitalFinance19

Bank of America reports 2018 Q2 financial results

Bank of America reports quarterly earnings.

Financial Highlights


“Solid operating leverage and client activity drove earnings higher this quarter. Responsible growth continued to deliver as a driver for every area of the company. We grew consumer and commercial loans; we grew deposits; we grew assets within our Merrill Edge business; we generated more net new households in Merrill Lynch; and we supported more institutional client activity — all of this while we continued to invest in our businesses and began an additional $500 million technology investment, which we intend to spend over the next several quarters, due to the benefits we received from tax reform. Even while making investments in people, technology, new markets and real estate, we managed to lower expenses again this period.”

- Brian Moynihan, Chairman and Chief Executive Officer

 

Re-disseminated by The Asian Banker

Diary of Activities
Digital Finance Leadership Programme 2019
29 July - 02 August 2019 | United Kingdom