(Reuters) - Second-quarter net income for the Charlotte, North Carolina-based company increased to $5.76 billion, or $1.28 per share, from $5.48 billion, or $1.19 a share, a year earlier.
Excluding items, profit was $1.30 per share, 10 cents above the average analyst forecast, according to Reuters Estimates. Revenue rose 7 percent to $19.56 billion, topping the average $18.49 billion forecast. Fee income rose 17 percent while lending income fell 3 percent. Expenses rose 4 percent to $9.09 billion.
Read more at Reuters.com Bonds News
Excluding items, profit was $1.30 per share, 10 cents above the average analyst forecast, according to Reuters Estimates. Revenue rose 7 percent to $19.56 billion, topping the average $18.49 billion forecast. Fee income rose 17 percent while lending income fell 3 percent. Expenses rose 4 percent to $9.09 billion.
Read more at Reuters.com Bonds News
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