Competition to book loans? Speaking on the earnings call, Bank of America (NYSE:BAC) CFO Bruce...

Competition to book loans? Speaking on the earnings call, Bank of America (NYSE:BAC) CFO Bruce Thompson says the bank is closing loans at wider spreads in Q1 than it was last quarter. Litigation costs were $900M, or $0.06/share in Q1 (vs. earnings of $0.20). The bank estimates (presentation slides) recent settlements bring to about 80% the resolution of all Countrywide-related claims. Shares -2.9% premarket.