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Bank of America Profit Rises 3% as Earnings Top Expectations
Bank of America’s net income for the second quarter increased 3% from a year ago to $7.1 billion, the bank said Wednesday. Earnings per share were 89 cents, topping analysts’ estimates for 86 cents, according to estimates compiled by FactSet.
Shares of some of the largest U.S. financial-services companies — Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley — were trading lower on Wednesday morning despite posting ...
Bank of America warns more economic shocks could happen this summer. Learn what investors should watch for and how to ...
Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year. Despite surveys indicating that confidence ...
Economic uncertainty remains a hot topic as consumers navigate rising costs, ... Bank of America economist weighs in on consumer spending trends. expand. Bank of America Tower in uptown ...
Bank of America recently reported better-than-expected first-quarter earnings, beating analyst estimates. Its profit jumped 11% to $7.4 billion, or 90 cents per share, from $6.7 billion, or 76 ...
That's already begun to happen this year, but it's clear that Bank of America (BAC 0.66%) and its other large bank peers are in a much better position than they were heading into the Great ...
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