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Bank of America Profit Falls From Year Earlier and Misses Estimates

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Photograph by JB Reed/Bloomberg News


Bank of America

reported second-quarter earnings of $6.2 billion, or 73 cents a share, missing Wall Street forecasts.

Shares of


Bank of America

(ticker: BAC) were falling 1.5% in premarket trading Monday to $31.78.

Analysts surveyed by FactSet expected the bank to earn 75 cents a share in the second quarter vs. year-earlier profit of $1.03.

Trading revenue in the second quarter, Bank of America said, rose 17% to $4.2 billion, including net debit valuation adjustment gains of $158 million.

Write to Joe Woelfel at joseph.woelfel@barrons.com

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