Financial institution of America (NYSE: BAC) reported its second quarter 2024 earnings outcomes right this moment.

Income, internet of curiosity expense, of $25.4 billion elevated 1% from the prior-year interval, reflecting larger asset administration and funding banking charges, in addition to gross sales and buying and selling income, and decrease internet curiosity earnings (NII).

Internet earnings was $6.9 billion, or $0.83 per share, in comparison with $7.4 billion, or $0.88 per share final yr.

Income and earnings beat expectations.

Through the quarter, the corporate returned $5.4 billion to shareholders by way of $1.9 billion in dividends and $3.5 billion in share repurchases.

The inventory rose over 1% in premarket hours on Tuesday.

Prior efficiency