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KM Financial Solutions | UPDATE 2-BofA net profit slumps on $2.9 bln tax charge, adjusted income beats
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UPDATE 2-BofA net profit slumps on $2.9 bln tax charge, adjusted income beats

16 Jan UPDATE 2-BofA net profit slumps on $2.9 bln tax charge, adjusted income beats

Posted at 12:59h in News by
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Jan 17 (Reuters) – Bank of America Corp’s net profit
nearly halved compared with a year earlier as it booked a $2.9
billion charge stemming from the new federal tax law although it
beat analysts’ estimates when adjusted for the charge.

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