Bank of America: Q2 Earnings Snapshot
By AP News
Published - Jul 18, 2023, 06:57 AM ET
Last Updated - Jul 18, 2023, 06:57 AM EDT
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Bank of America Corp. (BAC) on Tuesday reported second-quarter earnings of $7.41 billion.
The Charlotte, North Carolina-based bank said it had earnings of 88 cents per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.
The nation's second-largest bank posted revenue of $43.39 billion in the period. Its revenue net of interest expense was $25.2 billion, also beating Street forecasts. Eight analysts surveyed by Zacks expected $24.97 billion.
