Rochester, NY 7/31/2009 9:43:53 AM
Bank of America Corporation BAC, Bank of America Current Market Gain Drops 6 percent
Bank of America Corporation
Bank of America Corp.’s net profit decline by 6 percent on second-quarter, as its gains were offset by high credit costs.
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Last report show that North Carolina – based Bank of America had $3.2 billion in net income this second quarter, down from $3.4 billion that the bank acquires same period of last year. The bank earnings per share were 33 cents after deducting $805 million in preferred dividends, including $713 million paid to the U.S. government.
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