Apr 17, 11:11 AM

Bank of America and US Bancorp Profits Drop, Discover Financial Posts Mixed Q1 Results with Significant Decline

Bank of America's Q1 profits fell 18% due to higher expenses and charge-offs, while US Bancorp reported a lower-than-expected net interest income and cut its yearly forecast. Discover Financial saw a significant increase in provisions for credit losses, leading to a decline in profits.

#Bank of America #US Bancorp #Discover Financial

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