Bank of America's quarterly profit rises 11 percent
Bank of America Corp
Net income attributable to shareholders rose to $4.91 billion in the second quarter ended June 30 from $4.42 billion a year earlier.
Earnings per share rose to 46 cents from 41 cents.
Analysts on average had expected earnings of 43 cents per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the figures were comparable.
Total revenue, net of interest expense, rose 7.2 percent to $22.83 billion.
BofA, considered the most interest-rate sensitive among banks, benefited from the Federal Reserve`s move to hike interest rates for the third time since the second quarter of last year.
JPMorgan Chase & Co
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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