Make big profit

mybusiness2 asked:


I have just read of the tumble in the market, apparently due to Bank of America reporting a 32% loss in third-quarter profits. How does this translate into real money loss, for example? What does this do to a bank? And to the economy?

Category: Corporations by admin

2 Responses to “How big a loss is 32% in third-quarter profits from a bank, such as with Bank of America now?”

1. qman, on September 14th, 2008 at 1:53 am Said:

   I wouldn’t call a 3.58 drop in the DOW as a tumble in the market.

2. OG, on September 15th, 2008 at 10:59 am Said:

   Of course bad for the bank and failing financial institutions were a sign prior to the great depression.

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