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Market Impact: 0.4

Bank Of America Q2 Net Profit Rises

BAC
Corporate EarningsCompany Fundamentals

Bank of America reported Q2 net income applicable to common shareholders of $8.75B ($1.21/share), up from $6.88B ($0.90/share) a year earlier. The YoY increase suggests improved profitability and is likely to support the stock near term.

Analysis

Bank of America reported Q2 net income applicable to common shareholders of $8.75B ($1.21/share), up from $6.88B ($0.90/share) a year earlier. The YoY increase suggests improved profitability and is likely to support the stock near term.

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Market Sentiment

Overall Sentiment

mildly positive

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0.35

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BAC0.45