Bank of America falls, div cut, results weigh

Bank of America falls, div cut, results weigh

Published by InformedTrades
10-07-2008

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Bank of America falls, div cut, results weigh

NEW YORK (MarketWatch) - Bank of America shares retreated 9% in pre-open trading Tuesday as investors pondered life with a smaller dividend and a worsening earnings outlook after the bank reported a surprising 68% drop in third quarter profit late Monday.

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