Bank Of America Profit Rises 63%, Tops Analyst Estimates

  @gmorcroftg.morcroft@ibtimes.com on July 17 2013 7:31 AM
Bank of America
A woman walks past as customers use ATMs at a Bank of America banking center in New York's financial district, Jan. 17, 2013. REUTERS/Brendan McDermid

Bank of America Corp. (NYSE:BAC) on Wednesday said it earned $4 billion, or 32 cents per share, in the second quarter, on revenue of $22.95 billion. Analysts polled by Thomson Reuters had expected the company to earn 25 per share share.

That's in comparison to a profit of $2.50 billion, or 19 cents per share, a year earlier when the bank recorded revenue of $22.2 billion. 

 

 

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