Bank of America Corp. (BAC) reported first-quarter net income applicable to common shareholders of $2.2 billion compared to $2.7 billion, prior year. Earnings per common share was $0.21 compared to $0.25. The results include $1.2 Billion or $0.07 per share in negative market-related NII Adjustments and $0.9 billion or $0.05 per share in Annual Retirement-Eligible Incentive Compensation Costs. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts’ estimates typically exclude special items.