Why Bank of America’s $3.4 billion in earnings wasn’t that impressive

April 15, 2015 8:41 PM

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After years of souring loans, bad acquisitions, and fines, Bank of America finally had its chance to show Wall Street its stuff. What it had to show was meh.

What you need to know: Bank of America CEO Brian Moynihan’s plan for a while has been to leverage different parts of his giant bank to grow business elsewhere. The bank branches are supposed to nab people for BofA’s Merrill Lynch brokerage business and also its mortgage business. The commercial lend...

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