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BofA: ’11 home prices down 3pct, up in 2012

Posted on 11 August 2011

Conference call with Bank of America CEO Brian Moynihan and CFO Bruce Thompson was a lot of rehash over the course of 90 minutes. Moynihan said cost cutting continues, he defended the company’s estimates for potential capital needs, and said bank’s transformation continue with asset sales.
The call did little to instill confidence among investors as the market sold off toward the end of the trading day. Shares of Bank of America (BAC) fell under $7 after the call, and are down more than 8% today. Here are a few tidbits from the webcast:………………………………………Full Article: Source


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