Bank of America reports Q2 provision for credit losses $1.21B

theflyonthewall.com

Reports Q2 net charge-offs $2.11B. Reports end-Q2 tangible book value per share $13.32, book value per share $20.18. As of June 30, the company's Tier 1 common capital ratio on a Basel 3 fully phased-in basis was estimated at 9.60%, up from 9.52% at March 31 and 7.95% at June 30, 2012. At June 30, the company had 257,158 full-time employees, down from 262,812 at March 31 and 275,460 at June 30, 2012.

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