Bank of America's second-quarter net profit fell 7% to $6.9 billion

Bank of America Corporation announced on the 19th that net profit for the second quarter of fiscal year 2024 was 6.9 billion dollars, down from 7.4 billion dollars the previous year. Meanwhile, diluted earnings per share decreased 6% from the same period last year to 0.83 dollars, and sales increased 1% to 25.4 billion dollars.

“Chairman and CEO Brian Moynihan stated the following. “Our division also performed strongly this quarter, contributing to the expansion of our customer base. “The global markets business achieved nine consecutive quarters of year-on-year sales growth in sales and trading, and achieved double-digit returns. Investments in this business are benefiting our shareholders,” he added.

The bank's stock price rose 0.50% due to pre-market transactions after financial results were announced.