"Bank of America Surpasses Estimates, Bullish on Q2 Earnings"

Bank of America reported better-than-expected second-quarter earnings and revenue, driven by rising investment banking and asset management fees. The bank posted earnings of 83 cents per share and revenue of $25.54 billion, surpassing estimates. Despite a 6.9% drop in profit from the previous year, the results were bolstered by a rebound in Wall Street activity. CEO Brian Moynihan had previously indicated that net interest income would bottom in the second quarter, a key metric closely watched by investors.