Bank of America remains hamstrung by housing market woes
America’s largest bank reports 37.5% decline in first-quarter earnings but says ‘the economy is healing’ Woes in the housing market have dragged down income at Bank of America, which has posted a 37.5% decline in first-quarter earnings. The US’s largest bank reported net income of $2bn (£1.2bn), or 17 cents per share, compared with $3.2bn, or 28 cents per share, in the same quarter a year ago …
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