Bank of America Reports Mixed Q2 Earnings | JQJO

Bank of America reported mixed Q2 results, exceeding earnings expectations at 89 cents per share but missing revenue projections at $26.61 billion. Profit rose 3% year-over-year to $7.12 billion, driven by increased net interest income despite lower interest rates. CEO Brian Moynihan highlighted resilient consumer spending and strong performance in markets businesses, though investment banking fees declined. The results follow similar positive reports from other major banks.