Jump to content
  • Sign Up
Sign in to follow this  
Cinnamon

Bank of America soars to record profit after tax overhaul

Recommended Posts

Bank of America said it made a record $6.9 billion in profit during the first three months of the year as the bank got a lift from rising interest rates and new cuts to corporate taxes.

The Charlotte-based bank said Monday its profit rose 30 percent from the same period a year ago. Revenue rose 4 percent to $23.1 billion in the latest quarter in which Federal Reserve increases in short-term interest rates have helped boost the bank's results.

The quarter is also the first to show how the bank is benefiting from federal tax legislation passed in December that slashes the rate corporations pay on their profits. The bank reported paying $1.47 billion in income taxes — down more than 25 percent from the same quarter last year.

<snip>

http://www.charlotteobserver.com/news/business/banking/article208982809.html

How are the rest of the banksters doing? 

Share this post


Link to post
Share on other sites
2 hours ago, Cinnamon said:

How are the rest of the banksters doing? 

how does it go,

Banksters of a feather all flock for profits together!!  I would laugh, but it is not really funny is it!!:angry:

  • Like 1

Share this post


Link to post
Share on other sites
13 minutes ago, apache54 said:

how does it go,

Banksters of a feather all flock for profits together!!  I would laugh, but it is not really funny is it!!:angry:

:cathuh:

  • Like 1

Share this post


Link to post
Share on other sites

Okay...banks and corporations are making record profits (except the ones that are closing, like ToysRUs)...let's see how they reinvest in America...they're the 'job creators' you know...

Share this post


Link to post
Share on other sites
2 hours ago, octopus prime said:

Okay...banks and corporations are making record profits (except the ones that are closing, like ToysRUs)...let's see how they reinvest in America...they're the 'job creators' you know...

The banks are sure to make a lot more debt slaves with all that cash to lend.

  • Like 1

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.