NEW YORK (AP) - Bank of America says it made $2 billion in the last three months of 2011 from selling its stake in a Chinese bank and selling debt. That offset losses and higher legal expenses in its mortgage business.
The bank said Thursday that it earned 15 cents per share, falling short of the 22 cents a share expected by analysts surveyed by data provider FactSet. In the same quarter last year, the bank lost $1.2 billion.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
No comments:
Post a Comment