Bank of America Corp
BAC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
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Bank of America Earnings: Loan Growth Powers Solid Quarter; Raising Fair Value Estimate
Bank of America reported solid numbers in the second quarter with earnings of $0.89 per share, equating to a return on tangible equity of 13.4%, powered by loan growth and higher net interest income. NII is expected to continue inching upward in the coming quarters, supporting profit growth.
