B of A earns 6.2 billion in third quarter

[SMKR]

http://online.wsj.com/article/AP61b0996dce9e4a589c14efaf42db7c66.html

[Denny]

Ya, but Q4 is gonna be a doozie!

[ELVIS]

fuck mstng86!!!!!!!!!!!!111111111

god bless.

[Denny]

I hope he gets some sort of bonuses from all these earnings.

[Captain Crawfish]

Denny would you like a glass of orange juice to brighten your gloomy day?

[Denny]

Denny would you like a glass of orange juice to brighten your gloomy day?

Why would you call my day gloomy?

[mstng86]

Ya, but Q4 is gonna be a doozie!

Haters gonna hate.

fuck mstng86!!!!!!!!!!!!111111111

god bless.

Fuck you too!! No seriously, I love you man.

god bless

I hope he gets some sort of bonuses from all these earnings.

I want my moneyz. I am entitled to it.

Actually, alot of that is just a pretax sale off of the stake we had in China Construction Bank and fair value adjustments. I really wonder what the profit is.

[SMKR]

I really wonder what the profit is.

smoke and mirrors baby, smoke and mirrors

[GhostTX]

So they lost $7.3 billion last quarter and that's ok. But gaining $6.2 billion this quarter makes them dirty bastards?


Meanwhile, they're the current bad guy because they're charging $5/mth for ATM use thanks to the Frank-Dodd Act.

[mstng86]

So they lost $7.3 billion last quarter and that's ok. But gaining $6.2 billion this quarter makes them dirty bastards?


Meanwhile, they're the current bad guy because they're charging $5/mth for ATM use thanks to the Frank-Dodd Act.

Yes, we are bad guys because we brought in 6.2 billion by selling off assets.

That charge does not start till next year. At least we have told our customers well in advance.

[mustangguy289]

Let's go protest. Why the hell should anyone make a profit in this non-capatilistic nation?



Just stirring pot

[Sgt Beavis]

So they lost $7.3 billion last quarter and that's ok. But gaining $6.2 billion this quarter makes them dirty bastards?


Meanwhile, they're the current bad guy because they're charging $5/mth for ATM use thanks to the Frank-Dodd Act.

You misread that. They lost $7.3billion in the same quarter last YEAR.

Just picking nits..

[slow99]

Actually, alot of that is just a pretax sale off of the stake we had in China Construction Bank and fair value adjustments. I really wonder what the profit is.

Looks like about $1.2 billion non-gaap to me.

[mstng86]

Looks like about $1.2 billion non-gaap to me.

I wouldn't say that is anything amazing. But, a profit is a profit.

[slow99]

Goldman sachs lost $400 MM, guess we don't have to lynch those guys today.