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Bank of America earnings

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Bank of America (NYSE: BAC) Rounds Out Big Bank Earnings – Here's What We Know

By , Contributing Writer, Money Morning -

Bank of America Corp. (NYSE: BAC) reported Q2 earnings Wednesday that were dragged down by mounting litigation costs in addition to a decline in mortgage originations.

Second-quarter earnings from big banks have so far mostly surpassed estimates, but investor reactions have been mixed.

Wednesday also brought numbers from some major regional banks. Let’s first look at how BofA fared and how reported Q2 earnings affected BAC stock today…