Dealbook: Bank Of America Notches $6.2 Billion Profit

DealBook: Bank of America Notches $6.2 Billion Profit

Bank of America reported a $6.2 billion profit for the third quarter as gains from assets sales and positive accounting changes outweighed weaker results in its trading business and continued losses in its huge mortgage portfolio.

Senh: It's good to see that our biggest banks are making profits, but most of it are, so far, coming from accounting gains.

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