Shares of Bank of America Corp. slipped Monday as analysts and investors remained concerned about the banking company’s asset quality and outlook, even though its third-quarter profits slightly exceeded expectations.

Bank of America’s per-share earnings, excluding charges, of $1.31 beat the First Call/Thomson Financial consensus estimate by a cent. However, its shares fell $1.375, or 2.95% to close at $45.0625, and the investment firm ING Barings downgraded the company’s shares to “hold” from “buy.”

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