Mortgage-Related Charges Dent Bank of America Profit

antisocial | Jan 17, 2013 07:20 AM ET The company posted fourth-quarter earnings excluding items of 3 cents per share, down from 15 cents a share in the year-earlier period. I SEE A 12% DROP FROM LAST YEAR SAME TIME EARNINGS. but wall street and CNBC know how to justify all failures...

mtnr | Jan 17, 2013 07:23 AM ET Drop in earnings from from 15 cents a yr earlier to 3 cents. Stock is up, makes sense to me

ckoffend | Jan 17, 2013 07:34 AM ET Wow, Antisocial your math sounds like you work for the government. Going from 15 to 3 is not a reduction of 12%. It is a reduction of 80%.

JedSamples | Jan 17, 2013 07:34 AM ET I wonder when the lawsuits and fines are going to stop? Maybe a better question is "will they ever stop"? Maybe a better question than those are "will it stop before BAC goes belly up?

We.are.being.played | Jan 17, 2013 07:34 AM ET And, to think until a few days ago the Consensus EPS estimate was 41 cents. I think they call it "just in time fix."

handballforlife | Jan 17, 2013 07:37 AM ET What`s going to happen when they have to pay back the monopoly money from the fed.....the banks are broke they just don`t want to own up to it.....they still owe the Feds 1.344 trillllllllllllllllllllllllllllllllllllllllllllllllon monopoly dollars Uncle Benny gave them to tide them over while they pumped the stock markets back up to 07 levels...wish we all had that same kind of help

handballforlife | Jan 17, 2013 07:38 AM ET The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows.. Citigroup: $2.5 trillion ($2,500,000,000,000) Morgan Stanley: $2.04 trillion ($2,040,000,000,000) Merrill Lynch: $1.949 trillion ($1,949,000,000,000) Bank of America: $1.344 trillion ($1,344,000,000,000) Barclays PLC (United Kingdom): $868 billion ($868,000,000,000) Bear Sterns: $853 billion ($853,000,000,000) Goldman Sachs: $814 billion ($814,000,000,000) Royal Bank of Scotland (UK): $541 billion ($541,000,000,000) JP Morgan Chase: $391 billion ($391,000,000,000) Deutsche Bank (Germany): $354 billion ($354,000,000,000) UBS (Switzerland): $287 billion ($287,000,000,000) Credit Suisse (Switzerland): $262 billion ($262

JedSamples | Jan 17, 2013 07:59 AM ET I smell a Brian coming out at any moment to refute your claims. He is in the toilet doing his early morning business but should be here within the hour to set you straight.

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Mortgage-Related Charges Dent Bank of America Profit

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