From: Reuters
Published January 22, 2008 07:10 AM

Bank of America 4th-quarter profit falls

NEW YORK (Reuters) - Bank of America Corp, the second-largest U.S. bank, on Tuesday said fourth-quarter profit fell, hurt by mounting credit losses and weak investment banking results.

Net income for the Charlotte, North Carolina-based company fell to $268 million, or 5 cents per share, from $5.26 billion, or $1.16, a year earlier.

(Reporting by Jonathan Stempel; Editing by John Wallace)

Terms of Use | Privacy Policy

2017©. Copyright Environmental News Network