Bank of America: Q2 EPS down 6%
(CercleFinance.com) - Bank of America reports Q2 2024 net income of $6.
9bn, or $0.83 per share, slightly below $0.88 a year earlier, partly under the weight of higher credit loss provisions, at $1.5bn.
Revenues net of interest expenses rose by 1% to $25.4bn, as higher commissions in investment banking and asset management, as well as sales and trading revenues, offset lower net interest income (-3%).
The banking group's non-interest expenses rose by 2% to $16.3bn. At 11.9%, its standardized CET1 ratio was 122 basis points above the regulatory minimum that will come into force on 1 October.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
9bn, or $0.83 per share, slightly below $0.88 a year earlier, partly under the weight of higher credit loss provisions, at $1.5bn.
Revenues net of interest expenses rose by 1% to $25.4bn, as higher commissions in investment banking and asset management, as well as sales and trading revenues, offset lower net interest income (-3%).
The banking group's non-interest expenses rose by 2% to $16.3bn. At 11.9%, its standardized CET1 ratio was 122 basis points above the regulatory minimum that will come into force on 1 October.
Copyright (c) 2024 CercleFinance.com. All rights reserved.