Bank of America: Q2 net income up 10%.
(CercleFinance.com) - Bank of America reported Q2 2017 net income that was up 10% at 5.
3 billion dollars, bringing its EPS to 46 cents, three cents above the consensus.
This increase reflects a 7% growth in revenue, net of interest expense, of 22.8 billion dollars, with a 9% increase in net interest income, the sale of its credit card business outside the US and higher commissions in investment banking.
Provisions for credit losses at the bank from Charlotte, North Carolina, improved by 26% to 726 million dollars, although non-interest expenses increased 2% to 13.7 billion dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
3 billion dollars, bringing its EPS to 46 cents, three cents above the consensus.
This increase reflects a 7% growth in revenue, net of interest expense, of 22.8 billion dollars, with a 9% increase in net interest income, the sale of its credit card business outside the US and higher commissions in investment banking.
Provisions for credit losses at the bank from Charlotte, North Carolina, improved by 26% to 726 million dollars, although non-interest expenses increased 2% to 13.7 billion dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.