Bank of America Corp., the largest U.S. bank by assets, reported a quarterly net loss of $8.8 billion, or 90 cents per share, for the three months ended June 30, compared with net income of $3.1 billion, or 27 cents per share, a year earlier. Analysts on average expected a loss of 90 cents per share, according to Thomson Reuters. On June 29, the bank announced it would take a series of big one-time charges in the quarter related to a settlement with private investors who demanded that the bank repurchase toxic home loans held in mortgage-backed securities. Excluding the charges, the bank earned $3.7 billion, or 33 cents per share, for the second quarter. The company’s consumer real estate services unit lost $14.2 billion in the quarter, continuing a series of losses for the business dating back to the 2008 financial crisis.