Tuesday, July 18, 2017

Bank Of America Q2 Profit Tops Estimates; Revenue Up 7%

Bank of America (BAC) reported second-quarter net income to shareholders of $4.91 billion or $0.46 per share compared to $4.42 billion or $0.41 per share, last year. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.43 for the quarter. Analysts' estimates typically exclude special items. The company noted that the sale of the non-U.S. consumer credit card business resulted in a $103 million after-tax gain during the quarter.

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