The Good and the Bad in Bank of America's 2Q Results

The transcript discusses Bank of America's recent strong quarter, highlighting improvements in investment banking and trading despite challenges from a flattening yield curve and lower rates. It compares Bank of America's trading revenue with peers like JP Morgan and Citigroup, noting a decline in equity trading but a rise in fixed income. The discussion also covers the return on tangible capital equity and challenges in the consumer banking unit, including increased provisions and slower portfolio improvement.

In what ways did the return on tangible capital equity change for Bank of America?

What challenges did Bank of America face in the consumer banking unit?