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TEXT-S&P says Bank of America Corp ratings unaffected by Q2 results
July 18 - Standard & Poor's Ratings Services today said its ratings on Bank of America Corp. (BofA; A-/Negative/A-2) are not immediately affected by the company's fair second-quarter results, given the current operating conditions. BofA generated Standard & Poor's-adjusted pretax income of $3.1 billion, compared with $4.5 billion in the first quarter and a loss of $363 million in second-quarter 2011. Second-quarter results benefited from $1.9 billion in reserve releases (about $1.5 billion r ...
Published By: Reuters (Company news) - Wednesday, 18 July, 2012