CBS News Bank of America

Hi I would like to have information for the Bank of America on the news item for Bank of America profit drops on weak trading unit, CBS?

[Kiran Chandar]

Bank of America's first-quarter benefit fell more than 18 percent from a year prior, hurt by feeble execution in its worldwide exchanging unit.

The bank reported a benefit after installment of profits to favored shareholders of $2.22 billion in the quarter finishing in March, or 21 pennies for each offer.

That is contrasted with a benefit of $2.72 billion, or 25 pennies for each offer, in the same period a year prior.

The outcomes met the desires of Wall Street examiners, as indicated by FactSet.

BofA's income in the quarter was $19.51 billion, down 6.6 percent from $20.91 billion the prior year.

Shares of Bank of America Corp. (BAC), situated in Charlotte, North Carolina, climbed under 1 percent before money markets opened