CHARLOTTE, NC (WBTV) - There is good news for Charlotte-based Bank of America.
The bank's earnings reports came out this morning -- and surpass expectations. B of A earned $2.83 billion during the first quarter of this year.
It says strong trading revenue helped offset continuing losses on consumer loans.
The bank says the results provide more evidence that the industry and the economy are recovering.
CEO Brian Moynihan gives the keynote address at the 2010 Credit Markets Symposium hosted by The Federal Reserve Bank of Richmond today in Center City Charlotte.
We'll talk to Moynihan about today's earnings report and what it means for the bank and for Charlotte going forward.