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Bank of America posts 1Q profit but stock sinks (Canadian Business)CHARLOTTE, N.C. - Bank of America Corp. warned of worsening loan default problems Monday even as it a first-quarter profit of $2.81
Bank of America Corp. warned of worsening loan default problems Monday even as it a first-quarter profit of $2.81 billion. Investors concerned about the U.S. banking industry’s health sent financial stocks and the overall market sharply lower.Bank of America posts 1Q profit but stocks fall (AP Finance)