Market Update (NYSE:BAC): Litigation costs hit Bank of America quarterly profit

[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 soared. Analysts on average had expected . . . → Read More: Market Update (NYSE:BAC): Litigation costs hit Bank of America quarterly profit Similar Articles: Company Update: Bank of America Corporation (NYSE:BAC) – BofA’s investment bank aims to be more diversified, global Stock Update: Ford Motor Company (NYSE:F) – Ford profit driven down by North America, warranty costs Company Update (NYSE:BAC): Bank of America’s mortgage crisis costs become a recurring problem