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Bank of America reports a sharp rise in profits after cutting costs and setting aside less money for bad loans.

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BING NEWS:
  • Three big US banks release $5bn in loan loss reserves in sign of optimism
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  • Bank of America
    "Our view of the economy reflects the activity by the one-in-two American households we serve, which points to a steadily growing economy," the Bank of America chairman and chief executive Brian ...
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