Bank of America, Goldman Sachs Post (Relatively) Weak Earnings


Thanks to new regulations that limit overdraft charges and other fees, Bank of America reported a loss of $7.3 billion in its credit-card unit this morning. Meanwhile, Goldman Sachs didn’t lose anything but a little bit of its swagger: It earned $1.9 billion, or $2.98 a share, down from $3.2 billion last year. [NYT]