Bank of America (BAC) eked out a $732 million profit as it closed out serious legal and regulatory costs in the fourth quarter.

The costs of mortgage-repurchase settlements, regulatory deals, and debt valuation swings were offset by gains from asset sales, strong asset management income, and staff reductions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.