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Bank of America reported the most horrible fallout in its history Tuesday, but chief executive Brian Moynihan sustained to insist his bank doesn’t need to raise more capital.

The Charlotte bank´s capital base was a boiling topic for analysts after the bank reported a second –quarter loss of $9.1 billion, including favored dividend payments. The loss was in line with estimates the bank gave last month when it disclosed plans to take more than $20 billion in mortgage –related charges.

 The river red ink, compared to a $ 2.8 billion gain a year earlier, again showed the nation´s biggest bank is laboring to bury mortgage-related troubles inherited from its 2008 Countrywide Financial purchase. A big chunk of the losses stem from an $ 8.5 billion settlement announced last month over investors claims linked to countrywide loans sold off during the housing boom.

 Bank of America´s huge loss contrasted with strong results Tuesday from San Francisco based Wells Fargo ,which earned $ 3.7 billion in the quarter despite slow revenue growth. New York based investment bank Goldman Sachs posted a profit of $ 1.05 billion, although the amount was less than analysts had expected.

The prospect of raising capital by issuing new shares worries existing shareholders, because it would dilute their holdings.

In a conference call with analyst, Moynihan noted the bank has higher capital ratios than a year ago despite its massive charges and contended it has plenty of ways to increase capital without issuing more stock. Those would include generating earnings each quarter and flaking riskier assets -¨ all of which give us comfort and demonstrate that we don’t need to raise capital´´ he said.

Capital concerns have clearly been weighing on bank´s share price, said Shannon Stemm , financial services analyst with Edward Jones in St. Louis. The bank´s shares have been trading at a two-year low, and fell an additional 1.5 percent on Tuesday to $ 9.57.

Even though the bank´s executives did a ´´ outstanding job´´ outlining ways they can raise capital, the bank doesn’t have a lot of ´´´room for error´´, Stemm said. To the point there would be a negative shock to the economy, people´s concerns are suitable that this company would have to raise additional capital´´ she said.

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