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Bank of America moved up its fourth-quarter report to tomorrow
Bank of America moved up its fourth-quarter report to tomorrow amid speculation that bigger-than-expected losses at Merrill Lynch are putting a strain on its new parent. The switch from Jan. 20 may provide investors with details on what kind of help the U.S. will give to the Charlotte, North Carolina-based bank as it tries to absorb New York-based Merrill Lynch.8 r' F5 _ `, O6 R2 l
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``The motivation is to try and basically get information to the market sooner rather than later because of all the anxiety that's out there,'' said Bert Ely, chief executive officer of Ely & Co., a bank consulting firm in Alexandria, Virginia. It's a ``very tense situation now,'' he said.
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9 v, b& z6 v. K4 K4 |An announcement may come as early as 6 a.m. New York time, the person said. The bank said in an earlier statement it would present results starting an hour later. |
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