Credit crunch squeezes BOK Financial profits

 
By Don Mecoy
Published: July 16, 2008

TULSA — Bad loans and a national credit crisis cut second-quarter profits at Tulsa-based BOK Financial , parent of Oklahoma 's largest bank. Net income dipped to $43.7 million, or 65 cents per share, for the three-month period ending June 30 from $53.9 million, or 80 cents per share in the year-ago quarter. Analysts polled by Thomson Financial expected a profit of 69 cents per share. Chief Financial Officer...

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