Bank of America Corp. said on Wednesday that it earned $2.46 billion, or 19 cents a share, in the second quarter, compared to a loss of $8.83 billion, or 90 cents a share, a year ago
Year-ago data included $18.2 billion in pretax charges for certain mortgage-related items and other selected adjustments, including provisions for representations and warranties and goodwill impairment
Revenue in the second quarter rose to $22.20 billion, from $13.48 billion a year ago
Analysts polled by FactSet Research had expected the company to earn 16 cents a share on revenue of $22.77 billion
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LONDON (MarketWatch)
The Bank of New York Mellon Corp. on Wednesday reported a drop in second-quarter net income to $466 million, or 39 cents a share, from $735 million, or 59 cents a share in the year-ago-period.
The result included a previously announced litigation charge of $212 million after tax, or 18 cents a share.
Analysts surveyed by Factset expected income to total 50 cents a share.
Revenue came in at $3.62 billion, down 6% from the same quarter last year, while non-GAAP basis revenue reached $3.59 billion.
Assets under management rose 2% to $1.3 trillion at June 30 2012 compared with last year, the company said
U.S. Bancorp Q2 net income up 17.6% to $1.42 bln
Honeywell Q2 net $1.14 vs $1.02
Honeywell International Inc. Q2 sales up 4% to $9.44 bln
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