Bank of America Upgrades Full-Year Profitability Guidance Amid Strong Q2 Performance
Bank of America (BAC) reported strong second-quarter earnings, with EPS rising 34% to $1.21 and a return on tangible common equity of 17%. However, the market's focus shifted toward its upgraded full-year operating leverage guidance from over 200 basis points to 300-400 basis points.
Topics: banking investment banking operating leverage profitability