Bank of america’s big score: 4.3 billion – dollars – Svenska Dagbladet

Toppresulat for several U.S. banks. Arkivbild. Photo: Elise Amendola/AP/TT

For the very largest bank, JP Morgan, the increase was 24 percent, and earnings of sek 60 billion, which compares with the 49 billion for the same period the year before.

Bank of America, reported at the same time, a profit increase of 47 per cent for the fourth quarter of 2016. A significant boost in financial markets and lower costs contributed to the profit landed on 4,34 billion dollars, equivalent to sek 39 billion.

Against the current went on, however, Wells Fargo, which for the fifth quarter in a row reported a decline, this period by 6.4 per cent to 44 billion u.s. dollars.

the Underlying reason is that the bank suffered a sharp reduction in accounts opened after employees created two million bank accounts without the customers ‘ approval.