Stronger loan demand and a shift toward higher-yielding assets drove second-quarter earnings up 28% at Bank of New York Co. to $226 million, while extraordinary gains in the same period last year resulted in a 10% decline at J.P. Morgan & Co. to $315 million.

Analysts said results at both banks were broadly in line with expectations.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.