Fitch: Improving 1Q'15 Earnings for Bank of America

April 15, 2015 8:27 PM

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(The following statement was released by the rating agency) CHICAGO, April 15 (Fitch) Bank of America Corporation's (BAC) reported first quarter 2015 (1Q'15) earnings of $3.36 billion were improved, according to Fitch Ratings.

The company's earnings improved relative to both the sequential quarter, which is typically seasonally slower, and the prior year quarter, which was marred by significant litigation charges. Fitch calculated pre-tax profits, which excluded DVA/FVA adjustments and various other gains/losses, amounted...

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