BofA's Moynihan Cost Cuts Effective, Orenbuch Says

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July 18 (Bloomberg) -- Moshe Orenbuch, an analyst at Credit Suisse Group AG, talks about Bank of America Corp.'s second-quarter earnings released today. Net income was $2.46 billion, or 19 cents a share, compared with the year-earlier record loss of $8.83 billion, or 90 cents a share. Orenbuch speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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