BofA Falls After Revenue Growth Seen Elusive, Oil Loans Sour

Updated on
  • Revenue growth will be `challenging,' CFO Paul Donofrio says
  • Fourth-quarter net income climbs $9.4%, beating estimates

Big Banks Boost Profits by Cutting Costs

Bank of America Corp. was among the worst performing U.S. lenders after saying it will struggle to increase revenue and reported expense cuts that at least one analyst said didn’t go far enough.

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