Bank of America Corporation (BAC) announced earnings for its second quarter that Increases, from last year and beat the Street estimates.
The company's earnings totaled $6.825 billion, or $0.89 per share. This compares with $6.582 billion, or $0.83 per share, last year.
Analysts on average had expected the company to earn $0.87 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.3% to $26.463 billion from $25.377 billion last year.
Bank of America Corporation earnings at a glance (GAAP) :
-Earnings: $6.825 Bln. vs. $6.582 Bln. last year.-EPS: $0.89 vs. $0.83 last year.-Revenue: $26.463 Bln vs. $25.377 Bln last year.
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