Investors remain upbeat despite $3bn write-off

On November 13, Bank of America announced that it expected to absorb an additional $3 billion in losses related to its holdings of CDOs and other subprime-related investments in the fourth quarter of 2007. Despite this, investors remained confident about the firm's ability to manage the losses. Fitch Ratings maintained its rating, citing BofA's strong earnings, diversified operations, and substantial equity base as reasons why the firm can absorb the losses.

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