Bank of America puts up mixed results

Beschreibung:

Bank of America reported mixed Q2 results, beating earnings expectations with 89 cents per share but missing on revenue at $26.61 billion. Profit rose 3% to $7.12 billion. Net interest income increased 7% but came in below forecasts. Trading revenue was strong, with fixed income beating estimates, while equities trading was slightly below expectations. Investment banking fees fell 9% but topped analyst projections, CNBC has reported. Shares were up about 5% for the year before the results.