AIFortuneabout 2 hours ago
Bank of America AI bet pays off
4 min read
Bank of America reported Q2 earnings with a 59% efficiency ratio and 17% return on tangible common equity. CFO Alastair Borthwick attributed gains to AI-enabled productivity. Revenue reached $31.6 billion, net income $9.1 billion, and EPS $1.21. Over 200,000 employees now use AI capabilities.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
