Categories AlphaGraphs, Earnings, Finance
BAC Earnings: Key quarterly highlights from Bank of America’s Q2 2024 financial results
Bank of America (NYSE: BAC) reported its second quarter 2024 earnings results today.
Revenue, net of interest expense, of $25.4 billion increased 1% from the prior-year period, reflecting higher asset management and investment banking fees, as well as sales and trading revenue, and lower net interest income (NII).
Net income was $6.9 billion, or $0.83 per share, compared to $7.4 billion, or $0.88 per share last year.
Revenue and earnings beat expectations.
During the quarter, the company returned $5.4 billion to shareholders through $1.9 billion in dividends and $3.5 billion in share repurchases.
The stock rose over 1% in premarket hours on Tuesday.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Can General Motors (GM) navigate the tariff challenge ahead?
General Motors' (NYSE: GM) stock tumbled last week after the Trump administration imposed new tariffs on automobile imports, raising concerns about their potential impact on the company’s production as it
What to look for when Delta Air Lines (DAL) reports its Q1 2025 earnings results
Shares of Delta Air Lines (NYSE: DAL) were down over 1% on Monday. The stock has dropped 28% over the past three months. The airline is scheduled to report its
STZ Earnings Preview: Can Constellation Brands leverage growing beer sales?
Constellation Brands, Inc. (NYSE: STZ) has effectively navigated challenges like cautious consumer spending and declining demand for its wine and spirits brands by capitalizing on the sustained growth in the
