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Countrywide reports $422 mln quarterly loss. Countrywide To Pay 15c/Share Dividend On Common Stock

Jan 29, 2008 Market Outlook

BOSTON (MarketWatch) — Troubled mortgage lender Countrywide Financial Corp. ,
which is in a deal to be acquired by Bank of America Corp. , Tuesday said it
swung to a fourth-quarter loss of $422 million, or 79 cents a share. Provision
for credit losses totaled $924 million, down from $937 million in the third
quarter.

Countrywide has reduced its headcount by about 11,000 since July 2007.
The company declared a 15-cent dividend on its common shares.

Countrywide To Pay 15c/Share Dividend On Common Stock

Last Update: 1/29/2008 8:12:52 AM

Analysts surveyed: 13

Thomson Financial EPS estimates can reflect either net income, operating income
or funds from operations.

The company’s earnings figure is on a diluted basis. Thomson Financial assumes
earnings estimates from analysts are on a diluted basis.

(MORE TO FOLLOW) Dow Jones Newswires

January 29, 2008 08:12 ET (13:12 GMT)

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