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BoA reports Q1 profits

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04-17-2010, 01:06 AM

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BoA reports Q1 profits

Bank of America (BoA) has today reported its first quarter earnings, rising 0.7% to $2.83 billion (£1.83 billion) from $2.81 billion a year ago, boosted by record sales and trading activity at its investment bank, as well as its acquisition of Merrill Lynch.However, the bank posted a $2.1 billion loss in its home mortgage business. [...]

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