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Home / MLM News Roundup / National / Bank of America 3Q profits fall 19 percent due to charge

Bank of America 3Q profits fall 19 percent due to charge

Bank of America's third quarter profits fell 19 percent from a year ago as the bank wrote down the value of its long-time joint venture payment processor First Data. Excluding that non-cash charge the bank topped expectations, though it's being pressured by falling interest rates. The bank, based in Charlotte, North Carolina, reported a profit of $5.8 ...