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By Janet Levaux, AdvisorOne |
August 23, 2012
Bank of America-Merrill Lynch reported profits of $2.5 billion for second-quarter 2012, or 19 cents a share, beating analysts’ estimates of 14 cents.
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By Joyce Hanson, AdvisorOne |
July 19, 2012
The Global Wealth Management Group, which includes the MSSB joint venture, reported a pretax profit margin of 12%, versus 11% in the prior quarter and 9% a year ago.
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By Joyce Hanson, AdvisorOne |
July 13, 2012
Friday the 13th was lucky for JPMorgan and Wells Fargo as both banks’ stocks rose higher despite dark news that preceded their Q2 earnings reports.