Bank of America Q1 profits fall 12%, much less than rivals

[Bilgin]

Bank of America Q1 profits fall 12%, much less than rivals The Charlotte, North Carolina-based bank said it earned a profit of $7.1 billion, or 80 cents a share, compared with a profit of $8.05 billion, or 86 cents a share, in the same period a year earlier. The results were better than what analysts had forecasted, according to FactSet.