Business Bank of America earns less

Bank of America earns less

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Bank of America

The US bank is the second largest American bank.

(Photo: AFP)

new York Bank of America has felt the fall in interest rates in the United States. Earnings fell four percent to $ 7 billion in the fourth quarter, the second-largest American bank said on Wednesday.

The lower margins were only partially offset by higher lending, and the provisions for bad loans increased. Full-year earnings fell to $ 27.4 billion from $ 28.1 billion in 2018 because of a billion-dollar write-off in the summer.

. (tagsToTranslate) US banks (t) Quarterly figures (t) Bank of America (t) Goldman (t) Banks (t) Investment (t) Building finance (t) Corporate profit (t) Mortgage (t) Banking supervision (t) Citigroup ( t) JP Morgan (t) Goldman Sachs (t) Wells Fargo (t) Banks & Credit Institutions (t) Industry Analysis

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