Banking, finance, and taxes
Bank Of America (BAC) Set Write-Off, Shares Rally
Published:
Irony, they name is Wall St.
Bank of America (BAC) shares are up 3.3% on news that the firm will take a write-down because it "has suffered a $3 billion loss stemming from its exposure to collateralized debt obligations," according to Reuters.
Sure, it could have been much worse
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
