After BofA announced a net profit of $24.5 billion, and the loans, of $21.3 million would be consumer in energy loans, 5 percent of the bank’s total loans.

The difficulties in the energy sector have not led to defaults or financial error as it has been for many years. BofA was slimming down its organizational setup and was retailing its Legacy Assets and servicing business. Accordingly, the Bank contains other investments which finally benefits the bank’s balance when the financial crisis hit.

BofA’s revenue remained $24.5 billion compared with $18.73 billion the year before. The bank is set to open more stores by the chief financial officer as reported by the Brian Moynihan who is currently the acting Chief Executive Officer.

The Company’s Global Markets segment offers sales and trading services, including research, to institutional clients across fixed-income, credit, currency, commodity and equity businesses. Global Markets product coverage includes securities and derivative products in both the primary and secondary markets. Global Markets provides market-making, financing, securities clearing, settlement and custody services to institutional investor clients in support of their investing and trading activities. Global Markets also works with commercial and corporate clients to provide risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income and mortgage-related products. Global Markets also manages risk in a range of financial products, including Government securities, equity and equity-linked securities, high-grade and high-yield corporate debt securities, syndicated loans, mortgage-backed securities (MBS), commodities and asset-backed securities (ABS).