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More on Bank of America (BAC): Net income of $340M negatively impacted by $1.9B debt valuation...

More on Bank of America (BAC): Net income of $340M negatively impacted by $1.9B debt valuation adjustment and $1.6B in litigation expense. As for operations: Mortgage production +13% Q/Q - with 83% of volume refinances - yet the real estate division still posted a $877M loss thanks to the cost of managing its portfolio of bad loans. Company booked a $2.3B release from loan loss reserves. Shares little-changed. (PR)

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Comments (1)
  • bbro
    , contributor
    Comments (10407) | Send Message
     
    Tangible common equity per share 13.48....Tangible common equity to Total loans 16%....at the end of 2008 it was about 7%
    17 Oct 2012, 07:35 AM Reply Like
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