trending Market Intelligence /marketintelligence/en/news-insights/trending/CDjF2ASqF-8J9DPmdhyZvA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

BofA sees YOY decline in Q2 net income


Banking Essentials Newsletter, January edition - part 2

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

BofA sees YOY decline in Q2 net income

on July 18reported second-quarter net income applicable to common shareholders of $3.87billion, or 36 cents per share, compared to $4.80 billion, or 43 cents pershare, in the year-ago period.

TheS&P Capital IQ consensus estimate for normalized EPS estimate for thequarter was 33 cents.

CEOBrian Moynihan said that the company "moved closer to [its] longer-termperformance targets." In addition, he said that BofA's expenses were down 3%year over year "to a level not seen since 2008."