Sunday 30, January 2011 by

Net loss of $1.2 billion for Bank of America

Bank of America has reported a net loss of $1.2 billion, or $0.16 per diluted share, for the fourth quarter of 2010, including the previously announced goodwill impairment charge of $2 billion in the Home Loans and Insurance segment. Excluding the goodwill impairment charge, the company earned $756 million, or $0.04 per share, excluding the goodwill impairment charge from certain financial measures represents a non-GAAP measure.

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