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TMCNet:  SmarTrend(R) News Watch: Ken Lewis Says BofA Profitable In Beginning Of 2009

[March 12, 2009]

SmarTrend(R) News Watch: Ken Lewis Says BofA Profitable In Beginning Of 2009

Mar 12, 2009 (SmarTrend(R) News Watch via COMTEX) -- Bank of America (NYSE:BAC) chief executive Ken Lewis followed the drum beat of rivals Pandit and Dimon, CEOs of Citigroup (NYSE:C) and JP Morgan (NYSE:JPM), when he said in an interview that he expects the bank to see $50 billion in 2009 pre-tax revenue after having been profitable during the first two months of the year. He added that he doesn't "believe we will need more government capital." newsdesk@comtex.com SmarTrend scans over 5,000 stocks daily and alerts you when a change in trend is identified. Visit http://www.mysmartrend.com for more details.


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