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BofA Slides After Posting Loss Tied to Mortgage Accords

Bank of America Corp. fell in New York trading after the lender posted a surprise loss driven by $6 billion of costs tied to mortgage disputes.

The shares slid 1.6 percent to $16.13 at 4:15 p.m. as investors assessed the newest batch of legal expenses, which have cost Bank of America more than $50 billion since the financial crisis. The stock slipped as much as 3.7 percent during the session, its worst intraday showing since June.