Bank of America Hauls Biggest Profit Ever
BANK OF AMERICA HAULS IN BIGGEST PROFIT EVER
(CNN) – America’s second-largest bank has hauled in its biggest profit ever.
Bank of America earned $6.9 billion during the first three months of 2018.
The blockbuster profits are a result of tax cuts, a stronger economy, and market turbulence.
Bank of America isn’t the only bank recording mega profits.
JP-Morgan chase reported an $8.7 billion profit on Friday.
According to S&P Global Market Intelligence; that’s the largest earnings by any U.S. bank in history