Bank of America’s Profit Falls 11%

http://dealbook.nytimes.com/2015/01/15/bank-of-america-posts-11-decline-in-profit/?_r=0

Still, the lower earnings reflected a weaker performance in some core businesses like trading and mortgage banking. Bank of America, like other large lenders, is contending with a sluggish global economy, an uneven recovery in housing and recent weakness in the energy sector, which has been a strong source of banking revenue in recent years.