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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bank of America is expected to report Q2 earnings on July 14, with analysts projecting EPS of $1.10 and revenue of $30.26 billion. BAC stock fell 1.6% on Tuesday ahead of the announcement. The SEC fined BAC subsidiary Merrill Lynch $7.5 million for delayed suspicious activity reporting. BAC's projected losses in the Federal Reserve's stress test are considered modest relative to its $3 trillion in market assets.