Bank of America wealth income increases in first quarter

Pedro Gonçalves
clock • 1 min read

The Global Wealth and Investment Management (GWIM) unit of Bank of America (BofA) posted net income of $1.05bn for the first quarter of 2019, a 14% increase from last year's figure of $922m. The unit, which is made up of wealth management divisions Merrill Global Wealth Management and Bank of America Private Bank, added $41.5bn to its assets under management in the last year, according to its first quarter earnings.  The division's total revenue was $4.82bn, down 1% from $4.85bn in the ...

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