Mortgage news

News, trends and analysis of the mortgage and credit market

Thursday, October 18, 2007

Bank of America Corp.' shares declined $1.78, or 3.6 percent, to $48.25.

October 18 2007
The second-largest U.S. bank said profit declined 32 percent in the third quarter after credit-market writedowns and loan losses. Profit excluding some items was 82 cents a share, falling short of the $1.06-a-share average estimate of 16 analysts surveyed by Bloomberg.

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