Bank of America's profit soared as stock traders hit a record and dealmakers rebounded

The bank's equities trading revenue jumped 70% to $3.6 billion, a record, while investment banking fees climbed 50% from a year earlier

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Bank of America $BAC reported second-quarter net income of $9.1 billion, up 27% from a year earlier, as a record quarter for its stock-trading desk and a rebound in dealmaking drove revenue to $31.6 billion, up 15%.

Diluted earnings per share came in at $1.21, up 34% from the year-ago quarter. Analysts had expected earnings per share of $1.13 and revenue of $30.8 billion, according to Barron's.

The bank's Global Markets........

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