Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Bank of America Quadruples Profits in 2013 Q4  Join our daily free Newsletter

MENAFN - Qatar News Agency - 19/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Bank of America achieved a net profit of 3.44 billion at the final quarter of 2013, the bank said Thursday.



The financial results are around four times more the net profit achieved in the same period of 2012, worth 732 millio



Many analysts suggested that Bank of America was still recovering from the world credit crunch of 200



However last year's results show that the bank have moved passed those troubled time



The bank's improved results are related to the United States' recent economic progress, that enabled many of its citizens to start paying their loans bac



Bank of America had to lay off a large number of employees as a result of the financial crisi



Last year, the number of employees decreased by 9% to 242,100

 






  MENA News Headlines
 Aug 23 2014 - Imran Khan's party quits ParliamentArab News
(MENAFN - Arab News) ISLAMABAD: The party of Pakistan opposition politician Imran Khan who has led a week of anti-government protests in the capital has resigned from parliament in its latest bid to ...

 Aug 23 2014 - 2 Saudis among 33 killed in Egypt bus crashArab News
(MENAFN - Arab News) CAIRO: At least 33 people died and dozens were injured when two buses collided before dawn in Egypt's Sinai Peninsula the state news agency and security sources reported.The ...

 Aug 23 2014 - Thousands of Yemenis protest against govtArab News
(MENAFN - Arab News) SANAA: Tens of thousands of Yemenis demonstrated in the capital Sanaa on Friday in a protest called for by the Shiite Houthi movement which wants the government to resign and ...

 Aug 23 2014 - Libyan armed group posts video of stadium executionArab News
(MENAFN - Arab News) TRIPOLI: An armed group carried out a videotaped execution of an Egyptian man in a football stadium in Libya in what Amnesty said Friday highlighted the country's descent into ...

 Aug 23 2014 - HSBC: Scottish independence would prompt 'capital flight'Arab News
(MENAFN - Arab News) LONDON: The chairman of banking giant HSBC has warned that uncertainty over the economic future of Scotland could lead to 'capital flight' if it votes to leave the United Kingdom ...

 Aug 23 2014 - Saudi - New Galileo satellites launchedArab News
(MENAFN - Arab News) PARIS: Two satellites for Europe's rival to GPS the Galileo navigation system were lifted into space from French Guiana in a launch broadcast live on the website of ...

 Aug 23 2014 - Yellen: Job market makes Fed hesitant on rate hikeArab News
(MENAFN - Arab News) WASHINGTON: Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the US job market and made it harder to determine when ...

 Aug 23 2014 - 2.4 billion raised from 16 MENA market IPOs in H1Arab News
(MENAFN - Arab News) The MENA IPO (initial public offering) market performed robustly in H1 2014 raising $2.4 billion from 16 IPOs. This has been the market's best performance in terms of volumes and ...

 Aug 23 2014 - Newcomers steal show at Jeddah mushairaArab News
(MENAFN - Arab News) The lyrical qualities of Urdu were in full evidence at the annual mushaira organized by the Indian Consulate in Jeddah on Thursday.The presence of legendary Urdu poet 89-year-old ...

 Aug 23 2014 - Saudi - Forum brings chocolate lovers chocolatiers togetherArab News
(MENAFN - Arab News) Just like the rest of the world Jeddah savors chocolate whether dark light or nutty.Talent Reunion is a lifestyle networking platform that organized a 'chocolate innovation' ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help