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(Bloomberg) -- Bank of America Corp.’s second-quarter profit soared after its core Wall Street businesses exceeded analysts’ expectations. Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillUS Plans Narrow China Tech Investment Limits, Likely by 2024Singapore House Speaker Resigns in New Blow to Ruling PartyTokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes GlobeDollar’s Busted Bull Run Has Bears Calling End of an EraThe firm’s fixed-income and equity t

(Bloomberg) -- Don’t belittle Corporate America’s famous profit engine.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Tesla Starts Cybertruck Production Two Years Behind ScheduleBlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionEquity strategists are boosting earnings forecasts for the S&P 500 Index over the coming year f