Analysts said the bank’s numbers disappointed Bank of America has reported a second straight quarterly loss, driven by a $2bn (£1.25bn) writedown of its mortgage business.
The Wall Street bank announced a net loss of $1.2bn for the last three months of 2010, compared with a loss of $5.2bn a year earlier.
However, last year’s results included a $4bn charge related to the government’s Troubled Asset Relief Program (Tarp).
Bank of America shares fell 2.8% in electronic pre-market trading.
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