Bank Of America’s Q1 Earnings Were $0.31

Bank Of America Corp (NYSE:BAC) reported its earnings for the fourth quarter on Thursday before the market opened in the midst of a mixed and challenging financial earnings season. Earnings per share for the first quarter were listed as $0.31 while the company's revenue for the period was $27.3 billion billion. Analysts had expected the bank to report earnings of $0.12 on revenue of $22.51 billion. The company's EPS including all items was $0.03.

The news gives the bank a hefty drop over the same period last year. In Q1 2011...