Bank of America Q2 profits drop as higher interest rates slow down lending – MASHAHER

ISLAM GAMAL16 July 2024Last Update :
Bank of America Q2 profits drop as higher interest rates slow down lending – MASHAHER


A Bank of America ATM is seen, Wednesday, Feb. 3, 2021, in Winchester, Mass. Bank of America said Tuesday, July 16, 2024, its profits fell in the second quarter, as higher interest rates ate into expenses, including its large consumer banking franchise. But like Goldman Sachs, Bank of America saw a resurgence of activity in its investment banking division, which helped make up for some of the weakness in other parts of the business. (AP Photo/Elise Amendola)


Source Agencies

Leave a Comment

Your email address will not be published. Required fields are marked *


Comments Rules :

Breaking News