Bank of America (NYSE:BAC) announced better-than-expected results for the second quarter, which increased its shares a bit before the market opened on Tuesday.

“The company’s earnings per share were $0.88, more than most people expected ($0.84). Also, their revenue increased by 11% compared to last year, reaching $25.2 billion, higher than the expected $25.02 billion.

The bank’s net interest income reached $14.3 billion, which matched what most people expected. Their earnings got a boost from trading revenue (excluding DVA), which was $4.39 billion, a 10% increase and well above the expected $3.98 billion.

We had an excellent quarter and first half of the year, making it one of the best in our company’s history. Our revenue increased by 11% due to more clients using our services and the positive effects of higher interest rates. The U.S. economy is doing well, growing steadily, and the job market remains strong,” said the Chairman and CEO Brian Moynihan.

All our businesses did great, especially Sales and Trading and Investment Banking. We gained more customers and improved our market shares. With a strong financial position and enough cash available, we continued to invest in our company, creating long-term value for everyone involved.

FICC and equities trading revenues, both excluding DVA, also topped analyst estimates. Return on average tangible common equity was 15.5%, better than the 14.7% expected.

The bank attracted $1.88 trillion in total deposits.

Bank of America previously announced plans to increase quarterly common stock dividend by 9% in the third quarter.