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REFILE-Bank of America quarterly profit drops 43 percent
July 16, 2014 / 11:11 AM / 3 years ago

REFILE-Bank of America quarterly profit drops 43 percent

(Corrects to adds dropped word “percent” in first paragraph)

July 16 (Reuters) - 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. (Reporting by Tanya Agrawal and Peter Rudegeair; Editing by Ted Kerr)

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