Wednesday, December 12, 2007

Wachovia, B of A warn of more losses

Bank of America Expects Profit to Be `Disappointing'

Bank of America Corp. Chief Executive Officer Kenneth Lewis said fourth-quarter earnings will be ``quite disappointing'' and credit markets ``will probably remain challenging into next year'' . Lewis told investors today at a conference in New York. Wachovia Corp., the fourth- largest U.S. bank, said today it may double fourth-quarter provisions for loan losses to $1 billion.

Posted by alan @ 04:26 PM (494 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>