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    Bank Of America Quarterly Profit Drops 43 Percent

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    Wochit Headline News

    by Wochit Headline News

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    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.