Bank of America ' s 1Q profits fall 18% on higher expenses, charge-offs

Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts' estimates. The Charlotte, North Carolina-based bank posted a profit of $6.67 billion, or 76 cents per share, compared with $8.2…#bankofamerica #charlotte #northcarolina
Source: Reuters: Health - Category: Consumer Health News Source Type: news