Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Bank of America and Citigroup miss profit forecasts
Source: BBC
15 January 2015 Last updated at 11:11 ET
Profits at Bank of America (BoA) and Citigroup for the last three months of 2014 have both undershot estimates.
BoA earned $3.05bn (£2bn) compared with a profit of $3.44bn last year, as total revenue fell 12.6% to $18.96bn.
Citigroup's income fell to $346m after the bank took charges of $3.5bn to settle legal claims and restructure operations.
<snip>
Shares in both banks are down about 10% so far this year.
Read more: http://www.bbc.com/news/business-30833401
6 replies
= new reply since forum marked as read
= new reply since forum marked as read
.... my $800 mortgage payment was late in December.
