That's right, out of 4.2 billion in net income, 4.1 billion can be attributed to one-time events. Even worse, $2.2 billion of that is from the collapse in MER's debt, which allows BAC to book a gain (yes, I realize this is absurd).
Next, we have our favorite "we pre-released results to show you how great we're doing, but we really hope you don't look at the actual numbers" company, Wells Fargo. Stay tuned.
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1 comment:
Oh yes bank of america.
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