According to analysts’ estimates, Bank of America forfeited $1.5 billion a year in pretax earnings when it sold its non-U.S. credit-card unit. Also gone is the bank’s stake of about 10 percent in China Construction Bank Corp. (939), that nation’s second- largest lender, which paid a $774 million annual dividend; the Balboa insurance unit, which contributed $410 million, and $75 million earned from shares in asset manager BlackRock Inc.
More earnings may have been sacrificed with the sale of private-equity stakes in NPC International Inc., the biggest U.S. Pizza Hut franchisee, and hospital operator HCA Holdings Inc. The company didn’t provide estimates on how much profit those holdings contributed. -- Shedding winners is not the path to prosperity!!! What is the BOD thinking? When is the last time an insider bought this stock?