The New York Times
Friday, July 17, 2009 -- 7:33 AM ET
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Bank of America Posts $2.42 Billion Profit on Trading Gains
Bank of America reported a quarterly profit of $2.42 billion,
or 33 cents per share, beating Wall Street forecasts.
Like Goldman Sachs and JPMorgan Chase earlier this week, it
reported a handsome profit from its trading business. But the
company, one of the most troubled big banks, said that
"difficult challenges lie ahead."
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