BIZ NEWS: Bank of America earmarks $4B for coronavirus loan defaults - BUSINESS DAILY

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Thursday, 16 July 2020

BIZ NEWS: Bank of America earmarks $4B for coronavirus loan defaults


Bank of America earmarks $4B for coronavirus loan defaults



Net income of $3.5 billion, or 37 cents a share, still topped the 27-cent average estimate from analysts surveyed by Refinitiv. Both JPMorgan Chase and Citigroup posted double-digit profit declines earlier this week after shoring up reserves.

via FOX BUSINESS NEWS https://ift.tt/2WmGilV

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