Bank of America Reports 4Q Financial Results
This morning Bank of America reported its financial results for the fourth quarter of 2008 - with a net loss of $1.79 billion in the quarter compared with net income of $268 million a year earlier. A copy of the bank's 4Q2008 earnings presentation is available online along with supplemental financial information.
In its Card Services business, the bank reported that purchase volume on bank-issued cards declined over 17 percent vs the fourth quarter in 2007.
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