money-02How Much Did the Financial Crisis Cost Bank of America?

 

This is a fool.com article.

 

Bank of America CEO Brian Moynihan recently updated the bank’s estimate of its financial crisis-related costs.

When it comes to the financial crisis of 2008, few banks that survived it suffered more than Bank of America (NYSE:BAC). But just how much did the crisis cost the North Carolina-based bank?

We’ve had a pretty good idea about this for a while but got a reminder of it last week, when Bank of America Chairman and CEO Brian Moynihan presented at the 2016 Goldman Sachs U.S. Financial Services Conference. According to Moynihan’s presentation deck, the answer is $191 billion.

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