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Bank of America profit falls on lower bond trading revenue


    (Reuters) - Bank of America Corp, the second-largest U.S. bank by assets, reported a 14 percent fall in quarterly profit, largely due to lower revenue from fixed-income trading.

    Net income attributable to common shareholders fell to $2.74 billion, or 25 cents per share, in the fourth quarter from $3.18 billion, or 29 cents per share, a year earlier.

    Analysts on average had estimated earnings of 31 cents per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable.

    (Reporting by Anil D'Silva in Bangalore and Peter Rudegeair in New York; Editing by Kirti Pandey)