BofA (BAC) conference call: One motif is the confusion of analysts who can't seem to decipher...


BofA (BAC) conference call: One motif is the confusion of analysts who can't seem to decipher the bank's earnings. CFO Bruce Thompson blames the decline in both consumer and business loans to runoff in real estate. Total headcount is off 4% Y/Y, but down 8% if new hires in delinquent mortgage servicing are backed out. The company confirms it is being questioned by regulators over Libor. Shares -1.7%.
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Comments (2)
  • Vertical Spread
    , contributor
    Comments (583) | Send Message
     
    Maybe head count is actually up from shipping jobs overseas, like so many other American banks? Trick the shareholders by reporting smaller payroll, while growing cash payments to places like Bangalore and Mumbai.
    18 Jul 2012, 10:29 AM Reply Like
  • new slang
    , contributor
    Comments (179) | Send Message
     
    If it hasn't happened yet, then it will soon.
    18 Jul 2012, 01:54 PM Reply Like
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