Earnings Reports Beat Forecasts ; Bank of America and Citigroup Post Profits.
Columbia Daily Tribune › July 23, 2010
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Summary
CHARLOTTE, N.C. (AP) -- Bank of America joined other major banks in reporting better-than-expected second-quarter income today, earning $2.42 billion even as losses from failed loans continued to rise.
The results, which included $713 million of dividend payments tied to a federal bailout, compared with profits after preferred dividends of $3.22 billion in the same three-month period a year ago.See the full content of this document
Extract
Earnings Reports Beat Forecasts ; Bank of America and Citigroup Post Profits.
Earnings per share, which reflected a much higher amount of shares outstanding, fell to 33 cents from 72 cen...
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