Bank of America’s earnings were hit by a $2.1 billion charge related to the coming dissolution of the bank’s payment-processing partnership with First Data
Quarterly profit at the Charlotte, N.C.-based bank, the second largest in the U.S. by assets, was $5.78 billion, compared with $7.17 billion a year ago. Per share, earnings were 56 cents. Analysts polled by FactSet had expected 54 cents per share.
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