Bank of America (BAC) earnings Q2 2025

Bank of America on Wednesday posted mixed results for the second quarter, beating estimates on earnings and missing on revenue.

Here’s what the company reported:

• Earnings: 89 cents a share vs. 86 cents per share LSEG estimate
• Revenue: $26.61 billion vs. expected $26.72 billion

The company said profit climbed about 3% from a year earlier to $7.12 billion, or 89 cents per share, topping the 86 cent estimate.

Revenue climbed about 4% to $26.61 billion, below analysts’ expectations, as the firm generated $14.82 billion in net interest income, missing estimates by $70 million.

The company said that NII, which is the difference in what a bank pays its depositors and what it earns from loans and investments, rose about 7% in the quarter as deposit and loan growth were offset by lower interest rates compared to a year ago.

CEO Brian Moynihan pointed to the larger trends at his bank, saying that it was the fourth consecutive quarter that NII rose amid rising deposits and loan growth. Big American banks have benefited from strong trading results and consumer credit that has held up in the first six months of the year.

“Consumers remained resilient, with healthy spending and asset quality, and commercial borrower utilization rates rose,” Moynihan said. “In addition, we saw good momentum in our markets businesses.”

The firm’s fixed income operations posted $3.25 billion in revenue, exceeding the $3.14 billion estimate, while equities trading revenue of $2.13 billion was just below expectations.

The firm said investment banking fees fell 9% to $1.4 billion, though that was still higher than the $1.27 billion estimate.

Shares of the bank have climbed roughly 5% this year before Wednesday.

On Tuesday, JPMorgan, Citigroup and Wells Fargo each posted results that topped analysts’ expectations for earnings and revenue.

This story is developing. Please check back for updates.