$Bank of America(BAC)$
still bullish? I am [Grin]
Bank of America reported earnings of $6.2 billion, or 73 cents a share, missing Wall Street forecasts. Analysts surveyed by FactSet expected the bank to earn 75 cents a share in the second quarter. A year earlier, Bank of America earned a profit of $1.03.
Revenue increased 6% to $22.7 billion, in line with consensus estimates. Trading revenue in the second quarter, Bank of America said, rose 17% to $4.2 billion, including net debit valuation adjustment gains of $158 million.
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