BofA earns $2.4B for second quarter - Triangle Business Journal:

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The latest period is the second straighr profitable quarter forthe Charlotte-based bank (NYSE:BAC) after it postede a net loss net loss of $2.4 or 48 cents per dilutesd share, in the fourth quartert of 2008. The second-quarter resulta also topped Wall Street On average, analysts polled by Thomson Reuters had forecast BofA earning at 28 cents per share. “Having positivee net income in an extremely challenging environment speaks to the diversity and strength of our business model as well as the extraordinaruy effort put forth by all of our BofA Chief Executive Kenneth Lewis said in apreparec statement.
“Our goals during this difficult time have been to enhance the strength of our balance sheet and capital positioj and to continue to improve our earning powere while dealing with the credit issuesz facing our industry due tothe recession. “Difficulr challenges lie ahead from continued weakness in thegloba economy, rising unemployment and deteriorating credit quality that will affect our performance for the rest of the year and into Lewis added. “However, we are convinced that Bank of Americ will weather the storm and emergs as an acknowledged leader in financial services in the Unitec States and aroundthe world.
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