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Bank of America Corporation Message Board

  • bittymack bittymack Jul 17, 2009 7:09 AM Flag

    Not good - price going DOWN

    "Difficult challenges lie ahead from continued weakness in the global economy, rising unemployment and deteriorating credit quality that will affect our performance for the rest of the year and into 2010," Lewis said.

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    • Here's the link you "forgot" to provide so people can read the context. I know a person of your high moral integrity wouldn't want people to be misled.
      "However, we are convinced that Bank of America will weather the storm and emerge as an acknowledged leader in financial services in the United States and around the world."


      "Having positive net income in an extremely challenging environment speaks to the diversity and strength of our business model as well as the extraordinary effort put forth by all of our associates," said Kenneth D. Lewis, chief executive officer and president. "Our goals during this difficult time have been to enhance the strength of our balance sheet and capital position and to continue to improve our earning power while dealing with the credit issues facing our industry due to the recession.

16.67+0.11(+0.66%)Oct 21 4:00 PMEDT