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Snap Back Rally ? at 2006-01-23 19:40:19
Bank of America (BAC), the second-largest bank in the U.S., announced earnings that fell short of analyst’s expectations due to higher loan losses, as well as lower earnings from trading.
Analysts from Thomson First Call expected earnings of a $1.02, and the company earned 93 cents. What was the real culprit? Consumers scurried to file for bankruptcy before the laws changed last Octo
Source - http://www.johnmugarian.com/archives/2006/01/snap_back_rally.html
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