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Adam Eckert

Bank Of America CEO Highlights Stable Deposits And Healthy Consumers Amid Strong Quarterly Results

Bank of America BofA Brian Moynihan US Federal Reserve

Bank of America CEO Brian Moynihan. Following the BofA's better-than-expected quarterly results, the CEO said the bank's deposits remain stable, and the consumer remains healthy. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

Following Bank of America Corp’s (NYSE: BAC) better-than-expected quarterly results, CEO Brian Moynihan said the bank’s deposits remain stable, and the consumer remains healthy.

BofA reported second-quarter financial results Tuesday morning. The company said quarterly revenue increased 11% year-over-year to $25.33 billion, which beat estimates of $25.05 billion. BofA reported quarterly earnings of 88 cents per share, which came in ahead of estimates of 84 cents per share.

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