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7/14/2021, 12:44 PM (Source: TeleTrader)
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Bank of America's Q2 net income hits $9.2 billion

The Bank of America Corp. said on Wednesday its second-quarter net income annually surged 163% to $9.22 billion, with diluted earnings per share reaching $1.03. On the other hand, the bank's revenue missed estimates by declining 4% to land at $21.5 billion.

"More than 85% of our buildings and offices are open, and we're welcoming our teammates back. This means more face-to-face meetings; helping to increase sales of Consumer products and drive strong household growth in Wealth Management, and increased prospect calling in Commercial Banking," CEO Brian Moynihan noted in the release.

Bank of America's stocks fell 1.78% to sell for $39.15 per share in the premarketing trading following the earnings announcement.

Baha Breaking News (BBN) / ND