Earnings down at Bank of America

Second-quarter network come fit to same shareholders cut 25% to $2.42 billion (Ј1.5 billion), or 33 cents per share, from $3.22 billion, or 72 cents, a year earlier.

Excluding the collision of preferred furnish dividends in both periods, profit cut 7% to $3.22 billion. Net gross income rose 61% to $32.77 billion, helped close by the Merrill Lynch & Co acquisition.

Analysts on intend expected profit of 29 cents per portion on gross income of $33.26 billion.