{"id":532385,"date":"2010-04-18T07:48:07","date_gmt":"2010-04-18T11:48:07","guid":{"rendered":"http:\/\/www.thehollywoodliberal.com\/2010\/04\/18\/bofa-back-in-the-black\/"},"modified":"2010-04-18T07:48:07","modified_gmt":"2010-04-18T11:48:07","slug":"bofa-back-in-the-black","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/532385","title":{"rendered":"BofA Back in the Black"},"content":{"rendered":"

BofA Back in the Black <\/a>
We can all now breathe a collective sigh of relief: Bank of America has returned to quarterly profit after losing almost $200 million in the last quarter of 2009. The news comes even as home foreclosure activity hit an all-time record in March. \u2014JCL The BBC: Bank of America (BoA) has returned to profit, reporting a net income of $3.2bn (\u00a32.1bn) in the first three months of 2010. This compares with a $194m loss in the previous quarter, but is 24% lower than profits of the same period a year ago. The giant US bank said record sales and trading activity at its capital markets arm – including acquisition Merrill Lynch – had driven the latest results. BoA said it was having to put aside less money for losses on bad loans. Read more<\/p>\n

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We can all now breathe a collective sigh of relief: Bank of America has returned to quarterly profit<\/a> after losing almost $200 million in the last quarter of 2009. The news comes even as home foreclosure activity hit an all-time record in March. —JCL<\/i><\/p>\n

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The BBC:<\/b><\/p>\n

Bank of America (BoA) has returned to profit, reporting a net income of $3.2bn (\u00a32.1bn) in the first three months of 2010.<\/p>\n

This compares with a $194m loss in the previous quarter, but is 24% lower than profits of the same period a year ago.<\/p>\n

The giant US bank said record sales and trading activity at its capital markets arm – including acquisition Merrill Lynch – had driven the latest results.<\/p>\n

BoA said it was having to put aside less money for losses on bad loans.<\/p>\n

Read more<\/a><\/p>\n<\/blockquote>\n

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