Bank Of America Reports Mixed Q2 Earnings

Bank of America BAC reported second-quarter earnings of 74 cents per share, which beat the analyst consensus estimate of 71 cents. This is a 17.46% increase over earnings of 63 cents per share from the same period last year.

The company reported quarterly sales of $23.1 billion, which missed the analyst consensus estimate of $23.23 billion. This is 1.48% increase over sales of $22.763 billion the same period last year.

The stock closed Tuesday's session at $28.99 per share and was trading marginally lower in Wednesday's pre-market session. The stock has a 52-week high of $31.91 and a 52-week low of $22.66.

Related Links:

JPMorgan Q2 Earnings Beat Estimates

Goldman Sachs Reports Q2 Earnings Beat

Photo credit: Mike Mozart, Flickr