Larry Barrett |
Bank of America Merrill Lynch’s global wealth and investment management unit posted a first-quarter profit of
Company officials credited higher revenue, up 4.6% sequentially to
However, the unit’s total revenue actually declined from the $4.5 billion it recorded in the year-ago quarter and net income was only up
Client balances increased
The wealth management group’s performance largely mirrored the overall performance for
Excluding a flurry of one-time accounting charges, Bank of America reported net income of
Still, the bank’s operating income came in at
Copyright: | (c) 2012 Financial Planning. All rights Reserved. |
Source: | Source Media, Inc. |
Wordcount: | 300 |
Bank of the West Forms Real Estate Team
Three Consultants Form New Firm
More Articles