Think Bank of America Stock Is Too Risky? Listen to What the CEO Just Said

Think Bank of America Stock Is Too Risky? Listen to What the CEO Just Said

Think Bank of America Stock Is Too Risky? Listen to What the CEO Just Said · Motley Fool
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Bank of America (NYSE: BAC) stock was moving higher on Tuesday after the nation's second-largest bank by assets posted better-than-expected results in its second-quarter earnings report. Revenue in the quarter rose 3% to $25.2 billion, driven by a 4% increase in net interest income to $14.4 billion, and edging out the consensus at $25.14 billion. On the bottom line, pre-tax income was down slightly, but lower tax expenses helped drive earnings per share up 11% to $0.90, ahead of estimates at $0.81 per share.