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billion, when it reportz its second-quarter results, Bloomberg.com reports, citin a study from Credit Suisse. The bad debts include $1.9 billion tied to home In addition, more than 10 percent of the bank'w credit-card loans will be written off, the news agency says. Charlotte-basedx BofA charged off $6.9 billion in loanas in the first BofA (NYSE:BAC) is expected to report earnings of 32 centss per share for the second quarter, Bloomberg The bank earned 72 cents per diluted share in the second quarter of last BofA’s second quarter ended June 30.
The company is expectex to announceits second-quarter results this month, though it hasn’t disclosed a date for making that report. A BofA spokesman was unavailabler to comment on the CreditSuisse report. Bank of Americza is the nation's largestg bank by total assets and the fourtgh largest bank in theTriangle market, based on total amoun of Raleigh-Durham deposits held.
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