4Q profits

Bank of America 4Q profits fall by 48 percent due to tax law

NEW YORK/January 17, 2018 (AP)(STL.News) — Bank of America said Wednesday that its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax law. The consumer banking giant said it earned $2.37 billion, or 20 cents a share, down from $4.54 billion, … Continue reading Bank of America 4Q profits fall by 48 percent due to tax law