Bank of America – The bank reported quarterly profit of 74 cents per share, beating consensus by 3 cents a share. Revenue was just above forecasts, with the bank’s results helped in part by stronger retail banking performance. Net interest income came in slightly below analysts’ forecasts, however.
United Airlines – United earned an adjusted $4.21 per share for the second quarter, beating the consensus estimate of $4.09 a share. The airline’s revenue also beat estimates, and revenue per available seat mile rose 2.5%. United still expects profits to rise despite capacity cuts caused by the grounding of Boeing’s 737 Max jet.
