AMR Narrows Loss, Revenue Up 5.5%
AMR Corp. on Wednesday said its second-quarter loss narrowed to $241 million, or 72 cents a share, from a loss of $286 million, or 85 cents a share, in the year-ago period.
Bank of America's 2Q Results: Postgame Scorecard
Bank of America (NYSE:BAC) swung to a profit in the second quarter. Earnings and Revenue The company posted an EPS above analyst expectations, though revenues fell short of predictions. The company reported EPS of 19 cents a share versus the 15 cents a share estimate and revenues of $22.2 billion
European Shares Drift Higher
European markets edged up on Wednesday as traders digested testimony from Federal Reserve Chairman Ben Bernanke that offered little new guidance on whether the central bank will offer more economic stimulus.
BNY Mellon Quarterly Income Drops
The Bank of New York Mellon Corp. on Wednesday reported a drop in second-quarter net income to $466 million, or 39 cents a share, from $735 million, or 59 cents a share in the year-ago-period.