Bank of America profits surge for lower taxes and credit growth



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The profit per paper was 63 cents US. On average, badysts expected the bank to earn 57 cents US.

Bank of America Corp. announced a 36.3% increase in its quarterly profits on Monday, helped by an increase in loans in all its activities, lower expenses and a reduction in the tax burden.

it amounted to 6,470 million US dollars in the second quarter, compared to 4,750 million US dollars for the same period of the previous year.

Bank of America's paper profit was 63 cents US, according to an estimate by Thomson Reuters I / B / E / S. On average, badysts expected the bank to earn 57 US cents per month. paper, according to Thomson Reuters. It was not immediately clear whether the figures reported were comparable to the estimates.

Non-interest expenses fell 5%, while the tax burden decreased by 43%.

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