Wealth and Asset Management
Bank of America wealth unit reports strong Q4 with record inflows
The Global Wealth and Investment Management (GWIM) arm of Bank of America has registered a 47% surge in Q4 net income, with $22bn in client inflows during the quarter. Key GWIM metrics The division’s net income for the three-month-period ending 31 December 2021 stood at $1.22bn, versus $834m in Q4…
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