Bank of America's second quarter financial report released on Tuesday showed that the company's earnings and revenue exceeded market expectations.

While the Fed and the U.S. government remain independent of each other, the possibility of pressuring the Fed to cut interest rates after Trump's election is not ruled out.

Bank of America (BOA), one of the world's leading banks with an extensive network and diverse product offerings, not only has thousands of branches and more than 10,000 ATMs around the globe, but also attracts new customers through its ongoing online account opening incentives.