Bank of America joins big bank peers in reporting rising profits

Bank of America (BAC) said connected Wednesday that profits leaped 17% from a twelvemonth ago.

The country’s second-largest slope reported profits roseate to $8.6 billion, oregon $1.11 per share, exceeding the $1.01 per stock that analysts forecast. Net gross roseate 5% to $30.3 cardinal compared to $28.2 cardinal successful the archetypal 4th of 2025.

Investment banking and trading gross roseate 21% and 13%, respectively.

Bank of America CEO Brian Moynihan said successful a connection that, during the archetypal quarter, his slope "saw steadfast lawsuit activity, including coagulated user spending and unchangeable plus quality, indicating a resilient American economy."

“We stay watchful of evolving risks," Moynihan added.

Bank of America banal roseate astir 1% up of Wednesday's open.

The Charlotte-based bank’s results underscore however the country’s biggest fiscal institutions are seeing net maturation amid important Wall Street enactment and a sturdy US economy, contempt the volatile code successful markets.

David Hollerith covers the fiscal sector, ranging from the country's biggest banks to determination lenders, backstage equity firms, and the cryptocurrency space.

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