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Bank of America Merrill Lynch beats Wall Street forecasts with record second-quarter earnings

4 monthes ago   |   By Business Insider

Bank of America Merrill Lynch reported record second-quarter earnings Wednesday that beat analysts' profit expectations.
Watch Bank of America Merrill Lynch trade live .
Bank of America Merrill Lynch posted a record $0.74 in second-quarter earnings per share, outpacing the $0.71 expected by Wall Street analysts surveyed by Bloomberg. Revenue and net income rose in the consumer banking and global wealth and investment management divisions, but fell in the global banking and global markets segments.
Here are the key numbers:
Adjusted net income: $7.35 billion versus the $6.81 billion...
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Bank of America is set to report second-quarter earnings - here's what the Street expects

Bank of America is set to report second-quarter earnings - here's what the Street expects

4 monthes ago   |   By CNBC

Analysts and investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.
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The 49ers suspended an analyst after he said Ravens quarterback Lamar...

The 49ers suspended an analyst after he said Ravens quarterback Lamar Jackson's 'dark skin color' made him good at fakes

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Saudi Aramco's IPO will reportedly value the oil giant at $1.7 trillion...

Saudi Aramco's IPO will reportedly value the oil giant at $1.7 trillion, making it the biggest in history

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United Airlines rises after announcing CEO Oscar Munoz will step down

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The Obamas reportedly just bought a $12 million house on Martha's Vineyard...

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LeBron James kicked off his shoes during a blowout win, then responded to...

LeBron James kicked off his shoes during a blowout win, then responded to critics who said the move was disrespectful

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North Korea just called Trump an old imbecile in the latest sign the country...

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YouTube's 'Rewind 2019' video aims to please the masses after last year's...

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YouTube has released its annual year-in-review video, called "Rewind 2019: For the Record," that highlights the platform's biggest creators and trends in 2019. The "Rewind... Read more ...

Nancy Pelosi says House will move forward with articles of impeachment...

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House Speaker Rep. Nancy Pelosi of California said in a Thursday morning press conference that she is asking House Judiciary Chairman Rep. Jerry Nadler to draft articles of... Read more ...

GM and LG Chem are forming a joint venture to build a $2.3 billion battery...

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Here are Warren Buffett's top 13 favorite stocks

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Warren Buffett, the leader of Berkshire Hathaway, is a long-time value investor who looks to invest in companies that are undervalued by the market. This year, however... Read more ...