B of A Earns $67 Million, Up 6%

SAN FRANCISCO — Buoyed by the sale of the Charles Schwab brokerage, BankAmerica Corp. reported first-quarter earnings of $67 million today, up 6% from $63 million reported for the first quarter of 1986.

First-quarter earnings per common share, after preferred stock dividends, were 34 cents, compared to 31 cents in the same quarter last year. Earnings were down from fourth-quarter figures of $82 million, or 44 cents per share. The bank said its decision to place $1.9 billion in Brazilian loans and $180 million in Ecuadorean loans on nonaccrual status lowered operating results by $54 million.