Bank of America delivered better-than-expected second-quarter results, beating profit estimates despite a 12% decline in earnings. While recent trading led to a 3.81% increase in share price, the bank's stocks are down 12.4% year-to-date. CEO Brian Moynihan projects significant improvements in net interest income over the coming quarters, supported by robust consumer lending that contributed to a 1.7% revenue increase.
“Bank of America · notably has · most of its jobs · not requiring a four-year college degree”
“Bank of America Corporation · is up · 3.81% · as of 11:59 AM ET”
“Bank of America · shares are down · year-to-date · 12.4%”
“Bank of America · forward P/E · 2022 · 12.1”
“Bank of America · dividend yield · current · 2.1%”
“Bank of America · shares are down · year-to-date · 12.4%”
“Bank of America · trades with a forward P/E of · just 12.1 · true”
“Bank of America · pays a dividend currently yielding · 2.1% · true”
“Bank of America · delivered second-quarter results · beat on both the top and bottom lines”
“Bank of America · sent shares · more than 3%”
“Bank of America chief executive Brian Moynihan · forecasted · significant NII improvement · through the next several quarters”
“Bank of America Corp · down · 1.9%”
