Reuters logo
4 years ago
Bank of America profit rises 70 pct as expenses fall
July 17, 2013 / 11:11 AM / 4 years ago

Bank of America profit rises 70 pct as expenses fall

July 17 (Reuters) - Bank of America Corp, the second-biggest U.S. bank by assets, reported a 70 percent rise in second-quarter profit, helped partly by lower operating expenses.

Net income applicable to common shareholders rose to $3.57 billion, or 32 cents per share, from $2.10 billion, or 19 cents per share, a year earlier. Revenue, net of interest expense, rose 3.5 percent to $22.73 billion.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below