Bank of America: EPS down 6% in Q2
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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