Bank of America Corp. reported on Monday that its second-quarter earnings increased by 12 percent from the same quarter of last year resulting mainly from growth in card income and service charges.

Bank of America Corp., the third largest commercial bank by assets in the United States, said that its net income rose to 4.3 billion dollars in the April-June quarter from 3.85 billion dollars in the same period of last year.

Revenue rose 7 percent to 14.21 billion dollars in the second quarter from 13.22 billion dollars in the same quarter of last year. Net interest income increased to 7.65 billion dollars from 7.58 billion dollars last year, bolstered by growth in consumer and business loans. Total non-interest income rose to 6.37 billion dollars 5.47 billion, driven by gains from whole loan sales, card income, service charges and equity investments.

Source: Xinhua