Q2 revenue 25.4 bln usd vs 25.2 bln (Il Sole 24 Ore Radiocor) - New York , 16 Jul - Bank of America said that in the second quarter net profit fell to 6.9 billion dollars, or 0.83 dollars per diluted share, from 7.4 billion, or 0.88 dollars per diluted share the year earlier.

Revenue, net of interest expense, increased 1% to 25.4 billion dollars, with net interest income fell 3% to 13.7 billion dollars as higher deposit costs more than offset higher asset yields and modest loan growth, the bank said.

Provision for credit losses totalled 1.5 billion dollars, up from 1.3 billion in the first quarter and 1.1 billion a year earlier.

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(RADIOCOR) 16-07-24 12:58:27 (0356) 5 NNNN