Bank of America's report of a $6.2 billion profit in the third quarter, , has many analysts pointing out that it was mostly due to one-time accounting changes and asset sales. Still, BofA's stock is up slightly at this hour.
Meanwhile, the word from Goldman Sachs that it lost $428 million ($394 million before its preferred stock dividends) over the course of the same three months also isn't fazing the financial markets, . The loss, AP says, "had been widely expected due to the turmoil in financial markets this summer. Goldman's stock rose 0.9 percent to $97.72 in early trading."
It was only since Goldman Sachs went public 12 years ago.
Copyright 2020 NPR. To see more, visit https://www.npr.org. 9(MDAxNDQ2NDAxMDEyNzU2NzM2ODA3ZGI1ZA001))
