Thursday, July 19, 2007

Bank of America net up 5 percent, tops views

(Reuters) - Second-quarter net income increased to $5.76 billion, or $1.28 per share, from $5.48 billion, or $1.19 a share, a year earlier.




Excluding items, profit was $1.30 per share, 10 cents above the average analyst expectation, according to Reuters Estimates. Revenue rose 7 percent to $19.56 billion, topping the average Wall Street estimate of $18.49 billion.


Read more at Reuters.com Business News

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