Bank of America posts EPS of 63 cents in Q2

Bank of America (BAC) reported second-quarter earnings of $6.8 billion, or $0.63 per share in Q2, topping market consensus as it managed to cut more expenses than expected. Meanwhile, the topline slid 1% and came in slightly above market expectations during the quarter at $22.6 billion. Analysts had, on an average, expected $22.3 billion. BAC … Continue reading Bank of America posts EPS of 63 cents in Q2