SubscribeUS Late Session
October 16th, 2009 • Related • Filed Under
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The USD has had a tentative recovery in today’s session as headline earnings failed to cloak mediocre revenue and profit details at GE and Bank of America. GE modestly beat estimates with an EPS of 22c vs. 20c expected, but profits fell 45% in the third quarter and revenues were down 20%. BoA (the biggest US lender) posted a loss of 26c per share on defaults and credit write-downs, causing the… | ||||||||||||||||||||
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