In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Friday, November 09, 2007

BofA Anticipates Q4 Hit from CDOs

by Calculated Risk on 11/09/2007 03:17:00 PM

From MarketWatch: Bank of America: CDO dislocations may knock Q4 results

Bank of America Corp. said .. that dislocations in the market for ... (CDOs) will knock the bank's fourth-quarter results.
Here is the SEC 10-Q filing.
We expect these significant dislocations in the CDO market to continue, and it is unclear what impacts these dislocations will have on other markets in which we operate or maintain positions. ... We anticipate that these developments will adversely impact our results during the fourth quarter.