Bank of America's First Quarter 2008 Results

Bank of America has reported financial results for the first quarter. Included in the earnings press release were a couple of interesting data points:

• Mobile Banking recorded approximately 224,000 activations reaching 840,000 active customers
• Keep the Change reached 8 million net new enrollments since inception, with 974,000 customers alone signing up in the first quarter (Keep the Change is Bank of America's savings program that combines debit cards and deposit products)

Update: On the earnings report conference call this morning, BofA CEO Kenneth D. Lewis said that “the current environment is the most challenging I have dealt with.”