Earnings...

[VA49er]

Bank of America falls after results

NEW YORK (MarketWatch) -- Bank of America shares fell 14% in early trading Tuesday as investors pondered life with a smaller dividend and a worsening earnings outlook after the bank reported a surprising 68% drop in third-quarter profit late Monday.

Why is this surprising? I mean we are in a financial crises plus BofA has bought the worst in CountryWide and a failed investment bank.

 

[VA49er]

BofA oversubscribed on its stock offering. This is a good thing, right?

 

[Big Stick]

they also cut thier dividend in half, which doesnt help the stock price either.