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.


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

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


Brian Moynihan Manages To Exceed Expectations, Disappoint At Same Time

Very on-brand for America’s most hapless Irish dad.