Bloomberg News

Bank of America Posts Profit on Lower Revenue

July 18, 2012

July 18 (Bloomberg) -- Bloomberg's Erik Schatzker digs deeper into Bank of America Corp. results as the company swung to a second-quarter profit. Net income was $2.46 billion, or 19 cents a share, compared with the year-earlier record loss of $8.83 billion, or 90 cents a share, beating the 15-cent average estimate of 25 analysts surveyed by Bloomberg. He speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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