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Bank of America profit falls on $3.7B in charges

Por: Fox Business Business January 12, 2024

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'Making Money' host Charles Payne says this week's bank earnings will give a glimpse into the stability of the U.S. economy on 'The Big Money Show.' Bank of America's fourth-quarter profit shrank as the lender took $3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index. Its net interest income (NII) - the difference between what banks earn from loans and pay to... + full article



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