Bank of America Reports Mixed Q2 Results: Earnings Beat, Revenue Misses

preCharge News BUSINESS — Bank of America on Wednesday posted mixed results for the second quarter, beating estimates on earnings and missing on revenue.
It was the only major U.S. bank to fall short on revenue for the quarter.

Bank of America report 2Q25 by aificialnews

Q2 Financial Highlights

Here’s what the company reported:

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

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

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

Net Interest Income and CEO Commentary

NII Growth Amid Lower Interest Rates

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 with a year ago.

CEO Brian Moynihan’s Statement

CEO Brian Moynihan pointed to the larger trends at his bank, saying that it was the fourth consecutive quarter that NII climbed 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 an earnings release. “In addition, we saw good momentum in our markets businesses.”

Trading and Investment Banking Performance

Fixed Income and Equities

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

Investment Banking

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

Comparison With Peers and Stock Performance

Industry Overview

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. Later Wednesday, Goldman Sachs and Morgan Stanley both reported results that beat on the top and bottom lines, boosted by strong trading revenue.