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Bank of America's profits fall 22% in Q4

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Bank of America Corp., the second largest U.S. bank, reported a 22% drop in fourth quarter earnings.

For the final three months of 2020, the company's profits were roughly $5.5 billion. That's down from nearly $7 billion a year earlier.

Earnings per share came to 59 cents, beating analysts' expectations of 55 cents per share.

Read more from The Wall Street Journal.

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