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BofA may post $27 bln further housing losses, Bernstein analysts say

Posted on 14 June 2011

Bank of America Corp. (BAC), the largest U.S. lender, may face a further $27 billion of housing-related losses between now and 2013 amid increasing regulation as the economic recovery slows, analysts at Sanford C. Bernstein said.

The losses would be in addition to the $46 billion the Charlotte, North Carolina-based lender has booked so far, analysts led by John E. McDonald wrote in a note today……………………………………….Full Article: Source


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