Bank of America Corp(BAC.N), the largest U.S. bank by assets, said on Wednesday that its third-quarter net loss quadrupled from a year ago because of a previously announced $10.4 billion goodwill charge for its card businesses.

The Charlotte, N.C.-based bank reported a net loss of $7.3 billion, or 77 cents per share, compared with a loss of $2.2 billion, or 26 cents a share, a year ago.

Excluding the non-cash goodwill charge, the bank reported net income of $3.1 billion, or 27 cents per share. Analysts estimated the bank would earn 16 cents per share, according to Thomson Reuters I/B/E/S.

Revenue, net of interest expenses, was $26.9 billion, up 2.2 percent from $26.3 billion a year prior.

Bank of America shares closed up 36 cents, or 3 percent, on Monday at $12.34 on the New York Stock Exchange. The bank's share price fell 8.4 percent during third quarter, as the KBW Bank Index, a leading sector index, was flat during the period.