Monday, April 20, 2009

Bank of America posts higher than expected profit

Saturday night I blogged that the Service Employees International Union wants to fire Ken Lewis, BofA's CEO.

This morning the bank announced that its first quarter earnings exceeded expectations.

The Charlotte, N.C.-based company earned $2.81 billion after paying preferred dividends, or 44 cents per share, compared with a profit of $1.02 billion, 23 cents per share, in the year ago period. Analysts surveyed by Thomson Reuters expected profit of 4 cents per share.

Look for the radical union to push for Lewis' dismissal, as SEIU continues to hawk card check.

Related post:

SEIU wants Bank of America CEO fired

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2 comments:

Jim Roper said...

The SEIU are a bunch of Brain Dead
Idiots! They'd have to be, to want
the CEO of Bank of America fired.
Especially when the bank is showing
such an impressive profit margin.

yo said...

Don't forget the SEIU was also a happy participant in the Blago scandal until .. of course, the Feds stepped in.