Bank of America’s net income fell 77% in first quarter
Apr 21st, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Bank of America's net income fell 77% to $1.21 billion, or 23 cents a share, in the first quarter, compared with $5.26 billion, or $1.16 a share, a year earlier following provisions for credit losses and at least $1.91 billion in writedowns. Net revenues fell 6.3% to $17 billion.