Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Think Bank of America Stock Is Too Risky? Listen to What the CEO Just Said

TheMotleyFool

0 0

Think Bank of America Stock Is Too Risky? Listen to What the CEO Just Said: https://g.foolcdn.com/editorial/images/751330/bank-of-america.jpeg

Bank of America (NYSE: BAC) stock was moving higher on Tuesday after the nation's second-largest bank by assets posted better-than-expected results in its second-quarter earnings report.

Revenue in the quarter rose 3% to $25.2 billion, driven by a 4% increase in net interest income to $14.4 billion, and edging out the consensus at $25.14 billion.

On the bottom line, pre-tax income was down slightly, but lower tax expenses helped drive earnings per share up 11% to $0.90, ahead of estimates at $0.81 per share.

Source Fool.com

Like: 0

BAC

Share