Bank of America Corp., Charlotte, N.C., has reported net income of $5.76 billion ($1.28 per share) for the second quarter, an increase of 5% from $5.48 billion ($1.19 per share) a year earlier, though its mortgage-related earnings declined.BoA said the net income from its Consumer Real Estate segment, including its home equity and mortgage businesses, fell 18% to $141 million "because of higher provision expense from increased loss expectations in the home equity portfolio, reflecting the growth of this business." Revenues for the segment totaled $856 million, a 22% increase, the company said. BoA can be found online at http://www.bankofamerica.com.
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