Bank of America Reports First Quarter EPS 40C vs. 70C Year-Over-Year

What is one of the key differences between JP Morgan and Bank of America?

• Bank of America has a larger investment bank.

• JP Morgan has a larger investment bank.

• Bank of America has a larger trading desk.

• JP Morgan has a larger consumer business.

What was the expectation for Bank of America's consumer business in the fourth quarter?

• A major expansion

• A significant decline

• A rebound

• Stable performance

How did the coronavirus impact Bank of America's mortgage originations?

• It caused a temporary halt.

• It reduced them.

• It had no impact.

• It increased them significantly.

What unemployment rate did JP Morgan initially estimate for the next quarter?

• 20%

• 15%

• 10%

• 5%

What financial provision amount did Bank of America set aside that could increase?

• $3 billion

• $1 billion

• $5 billion

• $7 billion