Bank of America reported second-quarter net income of 9.1 billion dollars, up 27 percent from a year earlier, with earnings per share of 1.21 dollars, beating market expectations of 1.13 dollars. Trading and investment banking performed strongly amid a rise in M&A deals, with sales and trading revenue surging 34 percent to a quarterly record of 7.1 billion dollars. Equities revenue jumped 70 percent to 3.6 billion dollars, and total investment banking fees rose 50 percent to 2.1 billion dollars. Net interest income increased 9 percent to 16 billion dollars. The bank served as a joint bookrunner on SpaceX's large IPO and as financial adviser on NextEra Energy's acquisition.
Bank of America CorpQ2 profit up 27%, EPS beat, strong investment banking and trading revenue
Nextera Energy Inc