Bank of America Corp. (BAC). The bank reported higher third-quarter profits due to an accounting gain and a pretax gain on asset sales. Net income applicable to common shareholders was $5.9 billion, or 56 cents a share, compared with a loss of $7.6 billion, or 77 cents per share, in the same period a year earlier, when the bank took a $10.4 billion accounting charge.
BAC is currently up 0.30 to 6.33
Tuesday, October 18, 2011
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