Quarterly earnings climbed at Bank of America Corp., while home-lending activity tumbled. The company stopped reporting mortgage earnings and servicing.
Prior to income taxes, income was $8.4 billion during the three months ended March 31, according to BofA’s first-quarter earnings report.
Income at the Charlotte, North Carolina-based bank-holding company climbed from $7.3 billion a year prior and jumped from $6.2 billion the prior quarter.
Source: Mortgage Daily