Justin Baer

Bank of America said its second-quarter profit fell as higher interest rates continued to weigh on its lending businesses. The second-largest U.S. bank followed other big lenders including JPMorgan Chase, Citigroup and Wells Fargo in reporting a mixed bag for the three months ended in June. Bank of America’s net interest income, or difference between what the bank earns on loans and securities and what it pays depositors, fell 3% to $13.7 billion.

The U.S.'s second-largest bank reported a decline in quarterly profit, as higher interest rates continued to weigh on its lending businesses. Here are Bank of America's key second-quarter numbers: + Net income fell 6.8% to $6.9 billion, from $7.4 billion from a year earlier. + BofA’s net interest income, or the difference between what the bank earns on loans and securities and what it pays depositors, fell 3% to $13.7 billion.

Bank of America's shares jumped Tuesday after the lender reported quarterly results that beat Wall Street estimates and said its income on lending would improve during the second half of the year. The stock rose more than 4% in late morning trading, and was on pace for its biggest one-day gain since December.

Prosecutors accuse Citron founder of manipulating stocks by issuing misleading research reports that led to quick trading profits.

Shares of Citigroup, JPMorgan Chase and other banks tumbled Friday as investors came to terms with a disappointing jobs report and what it means for the nation’s economy. Citigroup fell 6.8% in late morning trading. JPMorgan and Bank of America, the two biggest U.S. lenders, were off by more than 4%.

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Citigroup's profit fell 9% last quarter, weighed down by credit costs. The higher credit losses offset revenue gains in all five of Citi’s major businesses. Some key numbers: Net income fell to $3.

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Pay for bankers and traders had been weighed down by higher interest rates and economic uncertainty.