Bank of America: Disappointing Profits

The second-largest U.S. bank pumped more cash than expected into reserves for potential credit losses and said it's worried about the health of consumers

Like its banking peers, Bank of America’s (BAC) profitability in the first quarter suffered from its exposure to the credit markets. Still, the company is getting some kudos from analysts for getting out ahead of potential future losses by aggressively adding cash to its reserves.

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