Bank of America reports third-quarter net income of $168 million.
The bank reported net income of $2.50 billion in the same period a year earlier.
On a per-share basis, the bank said it lost 1 cent in the latest quarter. That compared with a profit of 20 cents a year earlier.
Bank of America posted revenue of $21.21 billion in the third quarter, down from $21.53 billion the year before.
Bank of America shares have increased 6% since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 2%. The stock has risen 15% in the last 12 months.