BofA Takes ‘Giant Step’ as Mortgages, Cost Cuts Fuel Profit

Updated on

Bank of America Profit Surges on Reduced Legal Fees

Bank of America Corp., the lender most hobbled by the collapse of the U.S. housing market, said second-quarter profit more than doubled as the mortgage business rebounded and expenses fell to the lowest since 2008.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.