Updated from 7:09 a.m. EDT
Bank of America
, the nation's largest bank, reported second-quarter earnings of $3.2 billion, or 33 cents a share after deducting preferred dividends, as the company said results were driven by "continued strong revenue performance in the wholesale capital markets businesses as well as in home loans."
Earnings a year earlier were $3.4 billion, or 72 cents a share,
Analysts surveyed by Thomson Reuters expected BofA to earn 28 cents a share.
The company, like
, reported strong profit from its trading business. BofA bought
earlier this year.
However, like JPMorgan Chase, BofA did report continuing losses from failed loans. Bank of America said it recorded a $13.4 billion provision for loan losses during the second quarter.
The bank said its mortgage revenue rose following its acquisition of lender
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