Bank of America back in profit

US giant Bank of America today revealed it returned to profit in the first three months of 2010 as the sector's recovery gathers pace.

US giant Bank of America today revealed it returned to profit in the first three months of 2010 as the sector's recovery gathers pace.

BoA reported first quarter net income of $3.2bn against losses of $194m in the final three months of 2009.

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