U.S. Stocks Struggle, National City Plunges

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Author: 123jump.com Staff
123jump.com
Last Update: 4:41 PM EDT April 21 2008

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U.S. stocks fell after Bank of America earnings plunged 76% and reported a provision of $6 billion for loan losses. National City, Ohio based lender nearly eliminated its dividend and raised $7 billion at $5 per share, 40% from its stock price on Friday. Arch Coal jumped 5% after it reported surging earnings and revenues on rising coal prices. Sears Holdings fell after Bank of America declined to renew its credit line.

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