Bank of America continues winning streak with second-quarter earnings

CHARLOTTE, N.C. — Charlotte-based Bank of America Corp. reported another strong quarter on Monday, posting net income of $6.8 billion in the second quarter, a 33% year-over-year increase.

Diluted earnings came to 63 cents per share, well above the average 57 cents per share analysts predicted last week. BofA reported second-quarter revenue of $22.6 billion, just slightly lower than the second quarter of 2017. The bank attributes the slight drop to the sale of its non-U.S. consumer card business in 2017, which offered a one-time boost to its revenue during that period.

Analysts predicted BofA's revenue would fall between $21.74 billion and $23.05 billion.

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