Bank of America reports profit beat
Bank of America reported 2Q profit of $0.46 per share, which topped the estimate for $0.43. Adjusted revenue of $22.8 billion, beat the estimate for $21.78 billion.
Last Friday, investors saw three major banks report better-than-expected results.
JPMorgan Chase reported earnings of $7.03 billion or $1.82 per share.
Wells Fargo reported net income of $5.81 billion or $1.07 per share.
Citigroup reported earnings of $3.87 billion. Earnings, adjusted to account for discontinued operations, came to $1.27 per share.
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