BofA profit soars as loan-loss provision falls

Bank of America Corp, the second-largest U.S. bank, reported an eight-fold jump in fourth-quarter profit, driven by a steep fall in the bank’s provisions to cover bad loans. Net income applicable to shareholders rose to $3.18 billion, or 29 cents per share, from $367 million, or 3 cents per share…

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BofA profit soars as loan-loss provision falls

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