Bank of America Corp
The nation's largest bank said the loss was equal to 60 cents per share, and compared with a year-earlier loss of $2.4 billion, or 48 cents a share.
It was expected to report a loss of 52 cents per share, according to Thomson Reuters I/B/E/S poll of 25 analysts.
Revenue increased 59 percent to $25.4 billion, primarily due to the addition of Merrill Lynch & Co.
In early December, Charlotte, North Carolina-based Bank of America repaid $45 billion in Troubled Asset Relief Program funds, leading a wave of bailout repayments by the country's biggest banks.
(Reporting by Joe Rauch; editing by John Wallace)