BankAmerica Earns $54 Million
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Associated Press
SAN FRANCISCO — BankAmerica Corp., slowly climbing back to profitability, today reported third-quarter earnings of $54 million, which Chairman A. W. Clausen said reflected improvement in its loan portfolio and operating efficiency.
Earnings for the quarter were up from a net loss of $23 million in the same period last year and reduced the corporation’s loss for the first nine months to just over $1 billion.
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