Bank of America calls out to the market: Consumer "wallets" remain stable, concerns over price pressures exaggerated, full-year net interest income targets higher limit.

According to the Wisdom Financial APP, Bank of America (BAC.US) announced on Tuesday that its second-quarter profits exceeded Wall Street expectations, with global market turmoil boosting its trading revenue to a historical high. At the same time, a surge in corporate mergers and acquisitions drove strong growth in investment banking business. The bank's biggest profit engine, consumer business, shows that consumers are still able to repay debt on time and continue to spend in optional consumption areas such as travel and entertainment, contrasting with the general concern in the market about price pressures dragging down American households.