Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » U.S. Claps » NYSE 🔔 » Bank of America shooting above the standard ↗️ 

Bank of America shooting above the standard ↗️ 

by Omar El Shorafa
July 18, 2022
بنك أوف أمريكا، بورصة نيويورك، ثاندر كلابس

The Clap
Bank of America benefited from rising interest rates in Q2, but profit was still affected by $425 million in regulatory expenses.

The Deets
Revenues had exceeded expectations, recorded at $22.79 billion. This is more than the expected $22.67 billion that analysts expected.

This could be explained mainly by the net interest income which increased by 22% to $12.4 billion. 

The bank’s profits declined, however, by 32% to $6.25 billion.

Why this matter?
This news had pushed the stock of Bank of America down by around 1%. 

In addition to that, Bank of America was ordered to pay fines of $225 million this past Friday..  

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Financial Services, Claps
Financial Services 💸

Goldman Sachs’ CEO salary slashed 💰

by Omar El Shorafa
January 30, 2023
Claps, Financial Services
Financial Services 💸

Goldman Sachs suffered in Q4

by Omar El Shorafa
January 18, 2023
Claps, Financial Services
Financial Services 💸

Morgan Stanley beats the odds in Q4

by Omar El Shorafa
January 18, 2023
Claps, Financial Services, NASDAQ
Financial Services 💸

Coinbase to cut workforce significantly 🪙

by Omar El Shorafa
January 11, 2023
Claps, NYSE, Financial Services
Financial Services 💸

Goldman Sachs preparing for job cuts 🏦

by Omar El Shorafa
January 10, 2023
Claps, Financial Services, NYSE
Financial Services 💸

Visa splurging on Africa e-payment’s boom 💳

by Omar El Shorafa
December 15, 2022

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)