Bank of America Corp. announced on Tuesday that its net income in the second quarter of its fiscal 2024 landed at $6.9 billion, sliding from $7.4 billion registered a year prior. Meanwhile, year over year, diluted earnings per share declined 6% to $0.83, while revenue climbed 1% to $25.4 billion.
"Our team produced another strong quarter, serving a growing client base," Chair and CEO Brian Moynihan said. "Our Global Markets business delivered its ninth consecutive quarter of year-over-year revenue growth in sales and trading, earning double-digit returns. Our investments in this business are delivering for our shareholders," he added.
The bank's stock gained 0.50% during the premarket trade following the earnings announcement.
