Bank of America Has Turned Around

That indicates Bank of America’s current operations might be unsustainable. It may need to cut back on some activities or close a lot of branches just to survive. A big problem here is that brick and mortar bank branches might no longer be profitable. Perhaps they should be closed and replaced with automatic teller machines.

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Can the Monster Banks Survive the Age of Trump?

A major problem is that revenues at JPMorgan and Bank of America are well below their historic highs. JPMorgan reported revenues of $99.13 billion back in June 2013; Citi reported revenues of $77.40 billion as recently as September 2014, and BOA’s revenues hit a high of $97.59 billion in June 2012.

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