The unfold of the novel coronavirus across the globe and the ensuing financial slowdown have pummeled the banking trade and raised considerations about mortgage defaults by shoppers and large companies alike.
The financial institution posted a revenue of $1.32 billion, down from $4.eight billion a yr earlier. At 50 cents per share, the outcomes exceeded the common analyst estimate of 35 cents a share, in response to FactSet. Per-share earnings have been $1.95 a yr in the past.
Income rose 5% to $19.77 billion.