UPDATE: Bank of America Posts Q2 Net Loss of $8.8B

Bank of America Corp BAC released its results for the second quarter on Tuesday. Bank of America posted a quarterly net loss of $8.8 billion, or $0.90 per share, versus a net income of $3.1 billion, or $0.27 per share, in the year-ago period. Its adjusted net income came in at $0.33 per share. Analysts were expecting a net loss of $0.90 per share.. BAC shares gained 2.26% to $9.94 in pre-market trading.