Bank of America (BAC) earnings 2Q 2023


Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022.

Al Drago | Bloomberg | Getty Images

Bank of America on Tuesday posted second-quarter profit and revenue that edged out expectations as the company reaped more interest income amid higher rates.

Here’s what Bank of America reported:

  • Earnings: 88 cents a share vs. 84 cents a share Refinitiv estimate
  • Revenue: $25.33 billion vs. expected $25.05 billion

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The bank said earnings rose 19% to $7.41 billion, or 88 cents a share, from $6.25 billion, or 73 cents a share, a year earlier. Revenue climbed 11% to $25.33 billion, fueled by…

Source cnbc.com

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