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Bank of America Reports Profit

Bank of America says it made $2 billion in the fourth quarter of 2011, and has entered this year as a stronger and more efficient bank. For the fourth quarter, per-share earnings were 15 cents. That was on par with what analysts had predicted. For the entire year, Bank of America says its net income was $1.4 billion. The bank says it's focused on continuing to build capital and liquidity in 2012, while also managing expenses.