The investment bank benefited from market rebounds in the summer
The results missed analysts' estimates
The New York–based investment bank said it earned $3.62 billion in Q3
U.S. bank saw few loan losses during the quarter
The bank's net income fell to $3.23 billion from $4.91 billion a year ago
Few other banks or financial companies had been as insistent about returning workers to the office
Profits have slumped 70% year over year as bad loans pile up
Bank of America revising its balance sheet to withstand recessionary effects into 2022
The investment bank's trading desks benefited from market volatility
The largest U.S. banks could collectively lose $700 billion in a worst-case pandemic scenario