Manufacturing Industry
BANK OF AMERICA CORPORATION - Interim Results.
PR Newswire UK Disclose, July, 2005
Bank of America Second Quarter Net Income Rises 12 Percent
Revenue increases 7 percent as expenses decline
Consumer and middle market business loan growth vibrant
Efficiency ratio again under 50 percent
Retail sales momentum continues
CHARLOTTE, N.C., July 18-- Bank of America Corporation today reported that
second quarter net income rose 12 percent to $4.30 billion from $3.85 billion a
year earlier. Earnings per share increased 14 percent to $1.06 per share
(diluted) from $0.93. Return on average common shareholders' equity in the
second quarter was 17.54 percent.
Second quarter earnings included merger and restructuring charges of
$121 million pre-tax, which reduced...
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