AFP, New York :
Bank of America scored record profits in the second quarter, as strong consumer banking results offset a decline in earnings from trading worldwide.
The second-biggest US bank by assets, Bank of America reported Wednesday that profits jumped 10 percent from last year to $7.1 billion, setting a new record.
Revenues rose 2.4 percent to $23.1 billion.
The bank notched sizeable increases in loans and deposits and offered an upbeat appraisal of the US economy.
“Our view of the economy reflects the activity by the one-in-two American households we serve, which points to a steadily growing economy,” chief executive Bryan Moynihan said.
Bank of America scored record profits in the second quarter, as strong consumer banking results offset a decline in earnings from trading worldwide.
The second-biggest US bank by assets, Bank of America reported Wednesday that profits jumped 10 percent from last year to $7.1 billion, setting a new record.
Revenues rose 2.4 percent to $23.1 billion.
The bank notched sizeable increases in loans and deposits and offered an upbeat appraisal of the US economy.
“Our view of the economy reflects the activity by the one-in-two American households we serve, which points to a steadily growing economy,” chief executive Bryan Moynihan said.
