Rochester, NY 7/30/2009 9:04:28 AM
After Hours - Bank of America Corporation BAC, Bank of America Drops 6 Percent on Q2 Profits
Bank of America Corporation
Bank of America Corp.'s profit has declined 6 percent at the end of second quarter, as its gains were offset by high credit costs.
http://WhisperFromWallStreet.com offers daily stock alerts to subscribers. Sign up for our free alerts newsletter.
The North Carolina-based bank had gained a net income of $3.2 billion in the second quarter of this year, as compared to $3.4 in the same period of last year. After deducting $805 million in preferred dividends, including $713 million paid to the U.S. government, earnings per share were 33 cents.
WhisperfromWallStreet.com is a FREE award winning newsletter that specializes in sending alerts to our subscribers on stocks we think are going to run, why we think so, as well as teaching you how to become a better trader. We scan hundreds of stocks a day to find those that meet our criteria and when we find one, we send you an alert.
Scroll to the bottom of this page to sign up for our FREE stock alerts newsletter at WhisperfromWallStreet.com
Disclaimer: Full disclaimer at http://whisperfromwallstreet.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither WhisperFromWallStreet, nor any of its affiliates are registered investment advisors or broker dealers.
