Bank of America (BAC), the second-largest bank in the U.S., announced earnings that fell short of analyst’s expectations due to higher loan losses, as well as lower earnings from trading.

Analysts from Thomson First Call expected earnings of a $1.02, and the company earned 93 cents. What was the real culprit? Consumers scurried to file for bankruptcy before the laws changed last October.

I am not concerned at all with BAC announcement. Bank of America is one of those stocks that I have on auto pilot, and I reinvest the 5% dividend every quarter. Long term investors should do the same.