Charles Says Bank of America Can Absorb Mortgage Losses

Jul. 19, 2011 - July 19 (Bloomberg) -- Brian Charles, an analyst at RW Pressprich & Co., discusses Bank of America Corp.'s second-quarter loss and outlook. The largest U.S. bank by assets posted a loss of $8.83 billion, or 90 cents a share, the biggest quarterly loss in the lender's history, compared with a profit of $3.12 billion, or 27 cents, a year earlier. Charles talks with Erik Schatzker and Deirdre Bolton on Bloomberg Television's "InsideTrack." (Source: Bloomberg) (/Bloomberg) Correction: Clarification:

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Charles Says Bank of America Can Absorb Mortgage Losses

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