by Calculated Risk on 11/09/2007 03:17:00 PM
Friday, November 09, 2007
BofA Anticipates Q4 Hit from CDOs
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.