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Nation's largest bank struggles to recover from mortgage crisis - Live5News.com | Charleston, SC | News, Weather, Sports

Nation's largest bank struggles to recover from mortgage crisis

(Photo: CNN) (Photo: CNN)

(CNN) - The nation's largest bank is still struggling to recover from the mortgage crisis.

Bank of America's 1st-quarter earnings report for 2011 shows a sharp decrease in revenue, with profits down 36 percent.

Bank of America fell short of analyst estimates of a $0.27 per share profit by ten cents, with earnings of $2 billion.

Bank of America said losses from mortgage-related assets would continue to hurt its bottom line. But, it was helped by fewer loan losses, as individual credit quality improves.

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