Bank Of America Sets Aside Billions More For Losses, Results Underwhelm

Big bank earnings continued to roll in on Thursday, with Bank of America stepping up to the plate. So far, it's been a story of outsized trading gains and huge loss provisions for the country's largest financial institutions, as the impact of the coronavirus on consumers and businesses was partially offset by windfalls for fixed income desks and investment bankers. The tale was broadly similar for Bank of America, which reported a $4 billion reserve build, after a $3.6 billion build in Q1. Q2'