From: Reuters
Published April 21, 2008 07:09 AM

Bank of America profit falls

NEW YORK (Reuters) - Bank of America Corp <BAC.N>, the second-largest U.S. bank, on Monday said first-quarter profit fell, hurt by write-downs and rising credit losses.

Net income for the Charlotte, North Carolina-based company fell to $1.21 billion, or 23 cents per share, from $5.26 billion, or $1.16, a year earlier.

(Reporting by Jonathan Stempel; editing by Mark Porter)

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