BAC beats!!

dingsharp

Bank of America net income tops $4 billion
By Steve Gelsi
Last update: 7:13 a.m. EDT April 20, 2009

NEW YORK (MarketWatch) -- Bank of America (BAC:10.60, +0.26, +2.5%) on Monday said it earned $4.25 billion, or 44 cents a share in the first quarter ended March 31. The resuls include the acquisitions of Merrill Lynch and Countrywide. Analysts expected earnings of 5 cents a share, according to a survey by FactSet Research. In the year-ago period, Bank of America earned 23 cents a share. The Charlotte, N.C. financial services giant posted record revenue of $36 billion for the quarter. Merrill Lynch contributed more than $3 billion to its net income. Bank of America's tangible common equity ratio improved to 3.13%. The company extended $183 billion in credit in the first quarter and added $6.4 billion to its loan loss reserves.

X!nG

Pre-Market: 9.78 -0.82 (-7.74%) - Apr 20, 7:36AM EDT

风清扬

1# dingsharp


开始胡捏“好消息”了

dingsharp

This is a probable reason it's going down

Chief Executive Ken Lewis on Monday said the company continues to face "
extremely difficult challenges primarily from deteriorating credit quality
driven by weakness in the economy and growing unemployment." B. of A. before
the opening bell said it earned $4.2 billion in the first quarter. "Credit
quality deteriorated further across all lines of business as housing prices
continued to fall and the economic environment weakened," the company said.
"Declining home values, reduced spending by consumers and businesses and
continued turmoil in the financial markets negatively impacted the
commercial portfolio," it added.
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Elephant

难道还是跳空低开高走?

jackie8443

疯狂的市场，唉。

fisheatme

buy dip?