CEO James Gorman proves that there are, in fact, second acts on Wall Street.
FORTUNE — James Gorman appears to have found Wall Street’s secret sauce. 413 more words
The Bank of America announced their first quarter earnings on Wednesday and the bank has suffered a massive $276 million first-quarter loss as the revenues declined and the bank has been in a continous battle with the legal cost of the financial crisis problems still affecting the bank…
FORTUNE — Here’s a switch: The bankers are all of a sudden doing worse than the butchers, the bakers, and the candlestick makers. 673 more words
Socked by mortgage-related legal expenses, Bank of America Corp. lost $276 million during the first quarter, sending its stock down sharply.