Bank of America Corp. BAC 7.04% said on Monday that second-quarter earnings fell 32%

The second-largest US bank earned $6.2 billion compared with $9.2 billion a year earlier

Earnings per share of 73 cents was less than the 75 cents forecast by analysts polled by FactSet

Revenue rose 6% year-on-year to $22.7 billion, slightly below analyst expectations

Last week, JPMorgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and Morgan Stanley all reported double-digit earnings declines

The boss of the country's biggest banks said there was more uncertainty than usual about where the economy was going

Some bank executives believe that a recession is imminent

And that the Federal Reserve's efforts to stem inflation by raising interest rates could help trigger the downside

Investors still pay attention to bank profits because they are seen as the engine of the economy as a whole