Bank of America Beats Earnings Estimates Despite High Rate Challenges
TL;DR Summary
Bank of America reported a Q2 net income of $6.9 billion and EPS of $0.83, beating analyst estimates. Revenue increased to $25.54 billion, also surpassing expectations. The bank set aside $1.5 billion for credit losses and anticipates net interest income of $14.50 billion in Q4. Shares rose 2.41% premarket.
- Bank of America's Q2 Earnings: Revenue And EPS Beat, $1.5B Credit Loss Provision, Sees Q4 NII Growth Yahoo Finance
- Bank of America leans on Wall Street as high rates pose challenges to Main Street operations Yahoo Finance
- Bank of America tops estimates on better-than-expected investment banking CNBC
- Bank of America’s Profit Slips as High Interest Rates Weigh on Lending Businesses The Wall Street Journal
- Bank of America Profit and Net Interest Income Fall as Rates Bite. Stock Rises. Barron's
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