Paul Donofrio

4 results

Pedestrians wearing protective masks walk past a Bank of America branch: it has set aside $5 billion to cover loan losses. Photograph: Jeenah Moon/Bloomberg

Bank of America saw its profit more than halve in the second quarter as it set aside $5 billion to cover potential loan losses, while warning that it (...)

a surge in litigation charges led Goldman Sachs to miss earning expectations for the second quarter in a row. Photograph: Justin Lane/EPA

Disappointing earnings updates from Bank of America and Goldman Sachs weighed on the S&P 500 banking sector even as the broader S&P 500 set a(...)

Bank of America reported a 34 per cent rise in first-quarter profit on Monday, topping Wall Street estimates, as the lender benefited from higher inte(...)

Pedestrians walk past a Bank of America branch in Chicago

Bank of America reported a profit for the third quarter as chief executive Brian Moynihan’s cost-cutting efforts helped the bank offset the impact of (...)