* Bank of America reports increase in troubled loans
* Oracle offers to buy Sun Microsystems
* IBM, Texas Instruments report earnings after-hours
* Dow off 3.6 pct, S&P off 4.3 pct, Nasdaq off 3.9 pct
* For up-to-the-minute market news click [STXNEWS/US] (Adds Texas Instruments earnings after the bell)
By Chuck Mikolajczak
NEW YORK, April 20 (Reuters) - U.S. stocks slid more than 3 percent on Monday after weak results from Bank of America reignited concerns over the state of the banking industry and the economy.
Wall Street's tumble was broad-based and follows a six-week winning streak, the longest for the S&P 500 since 2007, with the Dow scoring its biggest gain over the period since 1938.
Dow component Bank of America (BAC.N) shares plunged 24.3 percent to $8.02 despite reporting a rise in profits. Bank of America's earnings report raised questions about the sustainability of recent better-than-expected results from banks after the company said its credit quality deteriorated markedly . (For details see [ID:nN20380236]).
http://uk.reuters.com/article/usMktRpt/idUKN2042181620090420
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