BofA Needs More Money for Bad Assets, Miller Says

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Jan. 19 (Bloomberg) -- Paul Miller, managing director and banking analyst with FBR Capital Markets Corp., talks about Bank of America Corp.'s fourth-quarter profit reported today. The second-largest U.S. lender had net income of $1.99 billion, or 15 cents a diluted share, compared with a loss of $1.24 billion, or 16 cents, a year earlier when the bank booked a $2 billion writedown at its home-loan unit. Miller speaks with Erik Schatzker and Scarlet Fu on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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