Browse
related articles
Bank of America may post $3.6bn loss
- United States: Wednesday, January 14 - 2009 at 07:53
The USA's largest lender in terms of assets, Bank of America Corp, may post a $3.6bn fourth quarter loss and again cut its quarterly dividend, according to a report by Citigroup analyst Keith Horowitz, cited by Bloomberg. The Charlotte, North Carolina-based is likely to report a loss of 75 cents a share, compared with an earlier estimate of a 2 cents-a-share profit, Horowitz said. The bank may also reduce its dividend to 5 cents a share from 32 cents, he added.
Related Content
Article Options
Jeff Florian, Senior ReporterWednesday, January 14 - 2009 at 07:53 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
