NEW YORK (Reuters UK) - Bank of America (BAC), the second-largest U.S. bank, on Monday said first-quarter profit fell, hurt by write-downs and rising credit losses.
Net income for the Charlotte, North Carolina-based company fell to $1.21 billion (610 million pounds), or 23 cents per share, from $5.26 billion, or $1.16, a year earlier.
(Reporting by Jonathan Stempel; editing by Mark Porter)
