On Wednesday, Shares of Bank of America Corporation (NYSE:BAC), gained 3.21% to $17.68.
Bank of America Corporation, stated net income of $5.3 billion, or $0.45 per diluted share, for the second quarter of 2015, contrast to $2.3 billion, or $0.19 per share, in the year-ago period. Revenue, net of interest expense, on an FTE basis, rose $385 million, or 2 percent, from the second quarter of 2014 to $22.3 billion.
Net interest income for the most recent quarter comprised of $669 million ($0.04 per share) in positive market-related adjustments, primarily from the company’s debt securities portfolio, due to the impact of higher long-term interest rates. This compares with $175 million in negative market-related adjustments in the year-ago quarter.
Solid core loan growth, higher mortgage originations and the lowest expenses since 2008 contributed to our strongest earnings in several years, as we continued to build broader and deeper relationships with our customers and clients, said Chief Executive Officer Brian Moynihan. We also benefited from the improvement in the U.S. economy, where we are particularly well positioned.
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments.
Shares of Starbucks Corporation (NASDAQ:SBUX), declined -0.74% to $55.34, during its last trading session.
Starbucks Corporation, plans to release its third quarter fiscal 2015 financial results after the market close on Thursday, July 23, 2015, with a conference call to follow at 2:00 p.m. PT. The conference call will be webcast and can be accessed on the company’s website: http://investor.starbucks.com.
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development.
Finally, American Capital Agency Corp. (NASDAQ:AGNC), ended its last trade with 0.48% gain, and closed at $19.01.
American Capital Agency, declared that its Board of Directors has declared a cash dividend of $0.20 per share of common stock for July 2015. The dividend is payable on August 7, 2015 to common shareholders of record as of July 31, 2015, with an ex-dividend date of July 29, 2015.
AGNC’s June 30, 2015 net book value per common share will be declared concurrent with the Company’s regular quarterly earnings release, which is planned for July 27, 2015.
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
