Reported 1 day ago
Bank of America (BAC) reported an adjusted earnings per share of $0.89 for the second quarter, surpassing analyst expectations of $0.85, with revenues close to $26.5 billion. CEO Brian Moynihan noted strong consumer spending and a rise in commercial borrowings, signaling a healthy economic environment. Additionally, trading revenue exceeded forecasts at $5.38 billion, indicating robust performance in a volatile market.
Source: YAHOO