Accounts are being liquidated. Bank of America earnings plunge 50%.

Accounts are being liquidated. Bank of America earnings plunge 50%.

Bank of America just reported that their earnings collapsed by -56% YoY, a signal that the US economy and banking sector might not be as healthy as things appear. Of particular concern was Bank of America reporting a big surge in loan losses - called "charge-offs".

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Written by OldTimerNW

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