BofA Sets Aside Billions for Soured Loans; Shares Decline
A pedestrian wearing a protective mask walks past a Bank of America Corp. branch in New York, U.S. (Photographer: Jeenah Moon/Bloomberg)

BofA Sets Aside Billions for Soured Loans; Shares Decline

(Bloomberg) -- Bank of America Corp.’s profit slid 52% as it joined rivals in preparing for an onslaught of consumer defaults spurred by the pandemic’s economic fallout.
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