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Bank of America beat estimates but lose money after 6bn legal charge

Bank of America beat estimates but lose money after 6bn legal charge

Bank of America beat Wall Street Q1 2014 earnings estimates with earnings per share of $0.35 and revenue of $22.8 billion. Net revenue loss of $276 million ($0.05 per diluted share) and took a $6 billion litigation expense hit (before tax) which will cost shareholders $0.40 per share after tax.


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