Analysts Cheer BofA’s ‘Solid’ Quarter, Bank Stocks Climb

Bank of America Corp. shares are rising after the company posted better-than-expected second-quarter results, including the highest earnings in more than eight years at the bank’s consumer unit. “Solid results at BofA give credence to the view that the healthy U.S. economy is aiding banks,” Bloomberg Intelligence’s Alison Williams said. BofA posted a “good quarter” with a beat on stronger fees, including trading, Morgan Stanley’s Graseck writes in a note.