|
|
For Bank of America, the third quarter of 2018 marked the 15th straight quarter since the start of 2015 of growing revenues (up 4% in the quarter) faster than its costs (down 2%). These continuous improvements in operating leverage, coupled with a strong US economy in 2018 and a decade-low cost of risk, led to a new high-water mark.
The bank managed to grow loans and revenues ahead of robust US GDP growth.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
