Bank of America has today unveiled a $1 billion (£612 million) net loss for the third quarter - worse than the market had expected.
The figure compares with a net profit of $3.2 billion in the second quarter and $1.2 billion in the same period a year earlier.
The banking giant is the fourth major US bank to report its quarter three results. JPMorgan Chase was the first US bank to kick-off the reporting season on Wednesday and far exceeded analysts expectations by announcing strong quarter three results.
The …
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