earnings
confidence high
sentiment positive
materiality 0.85
Bank of America Q2 net income $9.1B, EPS $1.21 up 34% YoY; revenue up 15%
BANK OF AMERICA CORP /DE/
- Net income $9.1B, diluted EPS $1.21 (+34% YoY); revenue $31.6B (+15% YoY).
- NII $16.0B (+9%); noninterest income $15.6B (+22%); efficiency ratio improved to 59%.
- IB fees $2.1B (+50%); sales & trading revenue $7.1B (+33%, equities +70%, FICC +9%).
- Avg deposits $2.02T (+2%); avg loans $1.22T (+8%); CET1 ratio 11.2%.
- Returned $8.0B to shareholders ($2B dividends, $6B buybacks); ROTCE 17.0%.