Bank of America story updated to focus on cost cuts.
- Bank of America reports second-quarter profit of $4 billion, or 32 cents a share.
- Profit up 63% versus $2.5 billion in the second quarter of 2012.
- Net revenue comes in at $22.9 billion, up 3% from $22.2 billion a year ago.
- The consensus estimate among analysts was EPS of 25 cents a share on revenue of $22.769 billion.