Bank Of America Q3 Provision For Credit Losses $1.2B, Up $336M
Portfolio Pulse from Benzinga Newsdesk
Bank of America's Q3 provision for credit losses has increased by $336M to $1.2B.
October 17, 2023 | 10:46 am
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Bank of America's increased provision for credit losses may indicate potential credit risk, which could negatively impact investor sentiment.
An increase in the provision for credit losses often signals a bank's expectation of potential credit risk. This could lead to a negative investor sentiment, potentially driving the stock price down in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100