Comment on Investors Lose Faith in BofA

Investors Lose Faith in BofA

Bank of America (BAC) reported a $4.2 billion first-quarter profit yesterday, but investors said, "That's not enough." The Washington Post, the Wall Street Journal, and the New York Times report that upon news of the earnings, which were largely buttressed by one-time windfalls, Bank of America's shares fell 24 percent to $8.02.

 

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