Bank of America Archives

Top 6 U.S. Banks Report Q2/2020 Earnings with US$35B in Total Loan Loss Provisions, Signalling High Uncertainties for Consumer Credit

July 27, 2020 Jay Yi

The top six banks in the U.S. reported Q2/2020 earnings and struggled with consumer and retail banking divisions due to the COVID-19 pandemic enforcing social isolation guidelines. However, most banks maintained dividend payments due to strong growth in investment banking and sales & trading divisions. [more]

Quantitative Easing and Private Distressed Debt Funds Support Struggling Debt Market

April 16, 2020 Jay Yi

As economies shutter down due to the Covid-19 virus, companies are experiencing a cash crunch as debt obligations reach maturity, corporations experience a drop in credit ratings, and financing options are limited. [more]

U.S. Banks Outperform in Turbulent Interest Rate Environment

October 17, 2019 Jay Yi

Quarterly results from the four largest U.S. banks (JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo) showed better than expected results as American consumers continued to support the economy. [more]