Bank of America earns $3.2 billion in first quarter

Posted on 17 Apr 2010 by Matthew Tyndall

Bank of America Corp. began the year with a much larger profit than expected, as the company benefited from its purchase of Merrill Lynch during the financial crisis.

The Charlotte, N.C.-based bank said Friday that it earned $3.2 billion, or 28 cents a share, in the first three months of 2010. Analysts had estimated earnings of 18 cents a share.

Read more at Latimes.com.