A Bank of America made $2 billion in the last three months of last year, reversing a loss from a year earlier offset legal expenses over mortgages and losses in its investment banking business by selling debt and its stake in a Chinese bank said Thursday that it made 15 cents per share in the 4th quarter to that fell short of the 22 cents expected by analysts surveyed by FactSet a provider of financial data was in line with other estimates.
For the year, the bank made $1.4 billion to lost $2.2 billion in 2010 to bank of America has been raising cash by selling pieces of itself that don’t fit into its basic banking model strategy was also a way to prepare for a Federal Reserve stress test is under way and meet international regulatory standards.
We have enter 2012 stronger and more efficient after two years of simplifying and streamlining our company, CEO Brian Moynihan said, bank of America results are considered a gauge of the health of the American consumer in the bank serves about half of American households to the results showed that housing continues to remain a concern in the economy in bank of America’s real estate business lost $1.5 billion after a 74 percent decline in new home loans and the bank lost some market share and closed a division that helped 3rd-party home lenders.
For the year, the bank made $1.4 billion to lost $2.2 billion in 2010 to bank of America has been raising cash by selling pieces of itself that don’t fit into its basic banking model strategy was also a way to prepare for a Federal Reserve stress test is under way and meet international regulatory standards.
We have enter 2012 stronger and more efficient after two years of simplifying and streamlining our company, CEO Brian Moynihan said, bank of America results are considered a gauge of the health of the American consumer in the bank serves about half of American households to the results showed that housing continues to remain a concern in the economy in bank of America’s real estate business lost $1.5 billion after a 74 percent decline in new home loans and the bank lost some market share and closed a division that helped 3rd-party home lenders.
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