Bank of America reported its second-quarter results, surpassing expectations for both profit and revenue. The bank's earnings per share came in at 88 cents, compared to the estimated 84 cents, while revenue reached $25.33 billion, exceeding the expected $25.05 billion. The increase in earnings was 19% compared to the same period last year, driven by a 14% rise in net interest income to $14.2 billion. The banking giant was fined by the Consumer Financial Protection Bureau for customer abuses, leading to potential scrutiny from analysts regarding the adequacy of management's response to these issues. The CEO, Brian Moynihan, highlighted the positive impacts of higher interest rates and the continued growth in the U.S. economy. Shares rose 1% in premarket trading.