Bank of America’s second quarter net income increased 3% to $7.1 billion, beating analysts’ estimates with earnings per share of 89 cents. Revenue rose 4% to $26.5 billion, slightly below the expected $26.72 billion. On a fully taxable-equivalent basis, revenue reached $26.6 billion, making Bank of America the second-largest bank in the U.S.

Read more at Dow Jones & Company: Bank of America Profit Rises 3% as Earnings Top Expectations