The Traderszone Network

Published in TZ Latest News 15 July, 2015 by The TZ Newswire Staff

Bank of America profit more than doubles as legal costs drop

Net income attributable to shareholders more than doubled to $4.99 billion, or 45 cents per share, in the second quarter from $2.04 billion, or 19 cents per share, a year earlier. BofA’s shares were up 2.9 percent at $17.62 in premarket trading. The bank’s profit in the year-earlier quarter was dragged down by $4 billion of legal expenses linked to mortgage disputes stemming from the financial crisis.