BofA Profit Trails as Citigroup, JPMorgan Go Abroad

Bloomberg, Bradley Keoun and Will Edwards, 16 July 2007Bank of America Corp. does more business in the U.S. than any of its competitors, and that's eroding returns for shareholders of the Charlotte, North Carolina-based company.Demand for financial services is increasing three times as fast outside the U.S., fueled by companies and investors in Brazil, China, India and Russia. While Bank of