Bank of America reports second-quarter 2024 net income of $6.9 billion, or $0.83 per share compared with $0.88 a year earlier, partly under the weight of higher credit loss provisions, at $1.5 billion.

Revenues net of interest expenses rose by 1% to 25.4 billion, as higher commissions in investment banking and asset management, as well as sales and trading revenues, offset lower net interest income (-3%).

The banking group's non-interest expenses rose by 2% to 16.3 billion dollars. At 11.9%, its standardized CET1 ratio was 122 basis points above the regulatory minimum due to come into force on October 1.

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