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Bank of America comes out ahead

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Posted at 6:38 PM, Oct 17, 2012
and last updated 2012-10-17 18:38:59-04

(WTVR) - Bank of America came out ahead after its' recent quarterly earnings report.

The company made $340 million dollars in the third quarter, beating Wall Street's expectations.

A settlement with shareholders cost the bank more than a billion dollars.

The shareholders claim the bank misled them when it purchased Merrill Lynch during the financial crisis four years ago.