Bank of America has seen its second quarter profits rise 70% as a result of cost cutting at the group.
The bank earned $3.6 billion between April and June of this year, compared to $2.1 billion during the same period of 2012.
The jump in profits comes largely as a result of a $1 billion reduction in expenses, as well as lower litigation costs.
Over the past year the bank has also cut around 18,300 jobs, all while reducing the size of its unit that managed troubled mortgages.
This reduction in cost was boosted by a slight rise in revenue, which rose 3% to $22.9 billion.
The cost-cutting programme has been part of a strategy undertaken by CEO Brian Moynihan for the past three years as he attempts to make the firm more manageable.
