Bank of America saw profits drop to $168m in the latest quarter after legal charge

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Sharecast News | 15 Oct, 2014

Updated : 12:28

A legal charge nearly erased US lender Bank of America's profits for the three months to September.

The bank's profits declined to $168m from $2.5bn in the same period of a year ago, with revenues coming in at $21.4bn.

As of 12:26 shares in Bank of America were 0.36% higher at $16.58.

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