Analysis: Bank of America seeks to boost revenue, but progress slow
| Reuters
The huge challenge he faces was underlined on Wednesday when the bank, the second-largest U.S. bank by assets, reported that its adjusted revenue in the first quarter fell 8.4 percent to $23.85 billion, as all of the bank's major business segments declined except for wealth management. The bank's revenue has now fallen by more than a quarter since Moynihan came into office.
No comments:
Post a Comment