UPDATE: Bank of America Posts Higher Q2 Profit

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Bank of America
BAC
reported a rise in its second-quarter profit. Bank of America's quarterly profit surged to $4.01 billion, or $0.32 per share, versus $2.46 billion, or $0.19 per share, in the year-ago quarter. Its total revenue rose to $22.9 billion from $22.2 billion. However, analysts were projecting earnings of $0.25 per share on revenue of $22.78 billion. Bank of America shares gained 0.93% to $14.05 in pre-market trading.
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Posted In: EarningsNewsprofit
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