Bank of America Beats Earnings Estimates Despite High Rate Challenges
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.