Bank of America (BAC) Earnings Q3 2009
Highlights:
- Approximately $2.6 Billion in Writedowns From Improvement in Company Credit Spreads
- Terminating Government Guarantee Term Sheet Costs $402 Million
- Merrill Lynch Platform Continues to Boost Results
- Extends $183.7 Billion in Credit in the Third Quarter
- Tier 1 Capital Ratio Rises to 12.46 Percent; Tier 1 Common Ratio Rises to 7.25 Percent
- Adds $2.1 Billion to Reserve for Credit Losses
Earnings estimates from CNN Money
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Bank of America's website
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