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The $1 billion third-quarter loss, or 26 cents per diluted share。 Estimate -6c.
Bank of America reported total revenue increased 32 percent to $26.4 billion.
Revenue from credit cards, brokerage services, investment banking and mortgage banking slumped from the previous quarter, and Bank of America’s noninterest income declined by 31 percent to $14.6 billion.
Results were aided by profit from Merrill Lynch, with gains from trading bonds, stocks and currencies. Losses on home lending and insurance widened to $1.6 billion from $724 million, and the loss on credit cards expanded to $1.04 billion from $167 million.
Bank of America said net write-offs of uncollectible loans rose 11 percent from the second quarter to $9.62 billion. The bank wrote off $3.2 billion of home loans, including home equity loans, during the quarter.
今天要不要摆地铺啊?Wondering... |
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