Bank of America quarterly profit quadruples but re

(Reuters) - Bank of America Corp reported a lower-than-expected first-quarter profit and its revenue fell, sending the No. 2 U.S. bank's shares down 3 percent before the bell on Wednesday. Net income quadrupled to $2.62 billion, or 20 cents per share, from $653 million, or 3 cents per share a year earlier as expenses dropped and the bank set aside less money to cover bad loans. But total adjusted revenue fell 8.4 percent to $23.85 billion. Analysts on average had expected BofA to earn 22 cents per share, according to Thomson Reuters I/B/E/S. BofA shares dropped 3. ...