Bank Of America Quarterly Profit Drops 43 Percent

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Bank Of America Quarterly Profit Drops 43 Percent

by Wochit 0:32 mins

Bank Of America Quarterly Profit Drops 43 Percent

by Wochit 0:32 mins

Bank of America Corp , the second largest U.S. bank by assets, reported a 43 percent drop in second-quarter profit as mortgage revenue fell and litigation costs increased. Earnings attributable to shareholders fell to $2.04 billion, or 19 cents per share, in the three months ended June 30 from $3.58 billion, or 32 cent per share, a year earlier.

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