BofA back in the black — thanks to a boost from Merrill
Bank of America finally got over the hump, recording its first profit in three quarters. Trading and retail sales at Merrill Lynch helped get it there
Bank of America Corp., the largest U.S. lender, posted its first profit in three quarters as the company reaped gains from Merrill Lynch & Co.'s investment banking and provisions for loan losses declined.
First-quarter net income was $3.18 billion, or 28 cents a share, compared with $4.25 billion
Learn more about reprints and licensing for this article.
