Bank of America announced a jump in second-quarter earnings, with strong trading revenue serving as the primary driver behind the gains.
The financial institution posted a net income of $9.1 billion, or $1.21 per share, for the three-month period ending June 30. That marks a notable increase from the $7.2 billion, or 90 cents per share, the bank recorded during the same quarter one year ago.
The profit surge was largely tied to heightened trading activity, as unpredictable swings in global markets led many clients to reorganize and shift their investment portfolios.
