Bank of America (NYSE:BAC) reported quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $1.13 by 7.08 percent. This is a 35.96 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $31.558 billion which beat the analyst consensus estimate of $30.746 billion by 2.64 percent. This is a 19.25 percent increase over sales of $26.463 billion the same period last year.