Securities losses were a factor in somewhat disappointing fourth- quarter earnings reported Tuesday by NationsBank Corp. and AmSouth Bancorp.

NationsBank, which took a $28 million securities loss, earned $405 million in the quarter, up 9% from $373 million in the year-ago quarter. NationsBank's earnings per share of $1.45 came in 9 cents below consensus estimates as compiled by First Call.

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