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Warning: Cannot modify header information - headers already sent by (output started at /home/tig/www/aalf/www/wiki/extensions/DDNAuthPlugin.php:4) in /home/tig/www/aalf/www/wiki/includes/WebResponse.php on line 10 http://beta.aalf.org/wiki/index.php?action=history&feed=atom&title=FrazierDinger617aFrazierDinger617a - Revision history2026-11-01T06:20:57ZRevision history for this page on the wikiMediaWiki 1.13.3http://beta.aalf.org/wiki/index.php?title=FrazierDinger617a&diff=21774&oldid=prevFrazierDinger617a: New page: Bank of America has reported a $2bn (�1.2bn) profit for the three months to the end of 2011, compared with a $1.2bn loss in the same period in 2010. It signals continued recovery for th...2012-03-13T00:37:43Z<p>New page: Bank of America has reported a $2bn (�1.2bn) profit for the three months to the end of 2011, compared with a $1.2bn loss in the same period in 2010. It signals continued recovery for th...</p>
<p><b>New page</b></p><div>Bank of America has reported a $2bn (�1.2bn) profit for the three months to the end of 2011, compared with a $1.2bn loss in the same period in 2010.<br />
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It signals continued recovery for the US' second biggest lender.<br />
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For the full year, the company reported net profits of $1.4bn compared with a net loss of $2.2bn in 2010.<br />
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Meanwhile Morgan Stanley, the world's largest broker, reported a fourth-quarter loss of $250m compared with a profit of $836m a year earlier.<br />
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Despite the loss, the results at Morgan Stanley beat analysts' expectations since it was able to increase its share of the equity trading market in the period.<br />
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For the full year, Morgan Stanley said its net revenues were $32.4bn compared with $31.4bn in 2010.<br />
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Recent results from American banks have been mixed with Goldman Sachs announcing on Wednesday that it made 47% less in profits than in 2010 whilst Citigroup posted a 6% rise on the previous year.<br />
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Bank of America chief executive Brian Moynihan said: "We enter 2012 stronger and more efficient after two years of simplifying and streamlining our company."</div>FrazierDinger617a