Goldman Sachs, Bank of America rock earnings
Higher interest rates enabled Bank of America to more than triple its fourth-quarter earnings (AFP Photo/SPENCER PLATT)/ New York (AFP) - Goldman Sachs reported better-than-expected profits on Wednesday despite higher legal costs as it works through the 1MDB scandal, while Bank of America's earnings were lifted by higher interest rates. Goldman reported mixed operational performance across its trading, investing and lending businesses, while Bank of America saw its profits triple compared to a year earlier. Shares of both banks surged after ...
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