on July 18reported second-quarter net income applicable to common shareholders of $3.87billion, or 36 cents per share, compared to $4.80 billion, or 43 cents pershare, in the year-ago period.

TheS&P Capital IQ consensus estimate for normalized EPS estimate for thequarter was 33 cents.

CEOBrian Moynihan said that the company "moved closer to [its] longer-termperformance targets." In addition, he said that BofA's expenses were down 3%year over year "to a level not seen since 2008."