Bank of America GAAP EPS of $1.21 beats by $0.09, revenue of $31.6B beats by $830M
Seeking Alpha ·
Bank of America press release ( BAC ): Q2 GAAP EPS of $1.21 beats by $0.09 . Revenue of $31.6B (+19.4% Y/Y) beats by $830M . Revenue, net of interest expense, of $31.6 billion ($31.7 billionFTE), up 15%, reflected higher net interest income (NII), sales andtrading revenue, asset management fees and investment banking
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Bank of America reported Q2 GAAP EPS of $1.21, beating market estimates by $0.09. Revenue rose 19.4% YoY to $31.6 billion, exceeding market expectations by $830 million. Growth in net interest income and investment banking driven the strong performance, signaling positive sentiment for the financial markets.
상승 영향
- Financials — Both EPS and revenue surpassed market expectations, demonstrating improved profitability in the banking sector. Increased net interest income and a recovery in investment banking are expected to act as strong catalysts for financial stocks.
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