While you were sleeping US earnings miss the mark

Wed, 17 Apr 2013

By Margreet Dietz April 18 (BusinessDesk) - Wall Street declined as disappointing American corporate earnings including from Bank of America fuelled unease that the recent gains in equities might not be justified by the economic outlook. Shares of Bank of America fell, last down 5.3 percent, as the bank reported a lower-than-expected increase in its first-quarter net income. "Banks are clearly struggling," Jim McDonald, chief investment strategist at Chicago-based Northern Trust Global Investments, told Reuters. "Loan growth has been disappo...

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