BofA Posts Best Profit in Six Years

The video discusses the earnings of major banks, focusing on equity trading revenue and performance comparisons between JP Morgan, Citi, and Bank of America. It highlights that while JP Morgan experienced a steeper decline, the overall performance aligns with analyst estimates. The discussion also touches on shareholder expectations and the anticipated consumer numbers, with a particular focus on loss reserves and the impact on Bank of America due to its smaller card business share.

What was the percentage decline in sales and trading revenue compared to the previous year?

• 10%

• 25%

• 15%

• 20%

How did JP Morgan's decline in equity trading compare to the previous year?

• 40%

• 30%

• 20%

• 10%

What was the expected figure for Bank of America's equity trading revenue in the third quarter?

• 990

• 980

• 985

• 984

What are investors particularly interested in regarding Bank of America's performance?

• Loss reserves

• Revenue targets

• Consumer numbers

• Equity trading figures

What percentage of Bank of America's business is attributed to card services?

• 5%

• 10%

• 15%

• 20%