Bank of America Beats Estimates as Trading, Lending Revenue Outperform

Bank of America Corp.’s traders posted a record second quarter as the company reaped the benefits of volatile markets and net interest income topped analysts’ estimates.

Revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion in the three months through June, the company said in a statement Wednesday. That helped Bank of America top analysts’ estimates for per-share earnings. Equity trading rose 9.6% to $2.13 billion, also topping expectations.