​Bank of America Trading Results Beat As Net Interest Yield Hits Cycle Lows, Charge-Offs Unexpectedly Hit 11 Year High – Tyler Durden

Bank of America Trading Results Beat As Net Interest Yield Hits Cycle Lows, Charge-Offs Unexpectedly Hit 11 Year High It wasn’t just Goldman Sachs that reported better than expected Q3 earnings this morning: on the surface, Bank of America surprised to the upside as well, and in fact its FICC division reported an even better results than Goldman’s. The bank, which had gotten Warren Buffett’s seal of disapproval, after the billionaire investors dumped much of his shares in what was once a Top 5 position, performed better than expected as it benefited from volatile markets while net interest income topped…  — Continue at ZeroHedge News : Read More