Bank of America has plenty to prove

Apr 17th, 2009 - CNNMoney

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NEW YORK (CNNMoney.com) -- This earnings season, no company may have more on the line than Bank of America.

The last three months have been a painful time for the Charlotte, N.C.-based banking giant. There have been the never-ending string of headaches associated with last year's fateful purchase of Merrill Lynch, including a bonus scandal that the company can't seem to shake.

At the same time, there has been no shortage of criticism from shareholders about its stock price. Management has also been working hard to convince investors that last year's purchase of mortgage lender Countrywide was a smart move.

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