Bank of America Posts Earnings Beat on Investment Banking Boost

Key TakeawaysBank of America shares rose Tuesday after reporting better second-quarter revenue and profit than analysts had projected.Net interest income, however, was lower than the same time last year, as Bank of America joins other banks that recently reported drops to NII in the second quarter.The bank's investment banking operations were a source of growth as consumer banking revenue slipped 3% year-over-year. Bank of America (BAC) shares rose Tuesday as second-quarter revenue and profit beat estimates ...