This compares with a $194m loss in the previous quarter, but is 24% lower than profits of the same period a year ago. The giant US bank said record sales and trading activity at it's investment bank - including acquisition Merrill Lynch - had driven the latest results.
BoA said it was having to put aside less money for losses on bad loans.
"With each day that passes, the 2010 story appears to be one of continuing credit recovery, and our results reflect a gradually improving economy," said Chief Executive Brian Moynihan.