Bank of America rises on quarterly profit beat

Shares of major U.S. lender Bank of America BAC.N rise 2.4% in premarket trading

Co reports Q2 profit beat of 89 cents per share

Analysts, on average, expected 86 cents a share - estimates compiled by LSEG

19 of 24 brokerages rate the stock "buy" or higher, 5 'hold'; median PT is $53 - data compiled by LSEG

YTD, as of last close, BAC up 5% vs 6.2% gain in benchmark S&P 500 .SPX