The Banking and Strategy Initiative

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Bank Results Season: (Bank of America) A grinch got the banks this season

Freddie Mac

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December 2010 results pouring in have been harrowing to say the least. Bank of America has started its results day with news of a loss. Excluding $2bn impairment charges, the Bank reports a profit of 4 cents per share against street estimates of 18 cents a share at $750 million,. The year ago quarter saw losses of 60 cents a share. Th ebank did get off easy on impairments repurchase that cost it under 2 bln with Freddie and Fannie

Bank earnings season

Photo of Bank of America ATM Machine by Brian ...
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One comment on “Bank Results Season: (Bank of America) A grinch got the banks this season

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