Everyone’s favorite hapless Irish dad bank CEO, after three whole months of feeling like one of those real bank CEOs—you know, the ones who get talk about 55% increases in trading revenue and running for president—is back to being a hapless Irish dad once again.

The second-largest U.S. bank by assets said Wednesday it earned $6.99 billion in the quarter, down from $7.28 billion a year earlier…. The drop in profit and revenue reflect how banks must accommodate after enjoying a short-lived period of higher interest rates that boosted their lending margins.

What Jay Powell giveth, he can also taketh away.

Bank of America Earnings Slip Amid Lower Rates [WSJ]



BriMo Profit Up, Reputation Still Down

If the money’s not coming from I-banking, it doesn’t count.


Brian Moynihan A Big Fan Of Rate Hikes Everyone Else Hates

They may be crushing stocks and starting a recession, but they’re helping BofA out big time.

Brian Moynihan’s Losing Streak Alive And Well

He's been asked to prepare some remarks re: why Bank of America, in its current form, should exist period.

Brian Katt at the English language Wikipedia [GFDL, CC-BY-SA-3.0 or GFDL], via Wikimedia Commons

Brian Moynihan’s Relatives Can Start Banking With Him Later This Year

At least they can if they’re willing to drive to Cleveland or Columbus.

Brian Moynihan/Getty Images

Brian Moynihan, Mike Corbat Paid $24.5M, $19M For Overseeing Wall Street’s Worst Banks Of 2020

Sure, things were bad enough for Corbat to essentially get fired, but not bad enough to keep him from an eight-figure payday.


Investors Can’t Believe Brian Moynihan Is Having A Good Day

There’s always something to criticize at Bank of America.