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Publicly traded companies release financial statements (unaudited) on a quarterly basis. For the quarter ended December 31, 2009, MarketWatch reported that Bank of America (B of A) and Wells Fargo had improved their results over the same period in 2008 but that "lingering signs of credit trouble" still existed for the banks. B of A reported a smaller loss than in 2008, but past-due loans in home mortgages, home equity loans, and commercial real estate loans all grew, as did past-due loans in its business loan portfolio. At Wells, the company showed a quarterly profit versus the prior year's loss, but its net write-offs as a percentage of loans rose to 2.71 percent from 2.11 percent for the same period a year earlier. MarketWatch quoted an analyst who follows the banking industry as saying that he believes the problem loan situation is worse than what the banks have been disclosing.
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