Bank of America puts up mixed results as net interest income misses analysts’ expectations

Bank of America puts up mixed results as net interest income misses analysts’ expectations


In this article

  • BAC
Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. 
Tom Williams | Cq-roll Call, Inc. | Getty Images

Bank of America reported second-quarter earnings before the opening bell Wednesday.

Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:

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

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

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.



Source

Stocks making the biggest moves after hours: Intel, Ford, Deckers, Newmont and more
Finance

Stocks making the biggest moves after hours: Intel, Ford, Deckers, Newmont and more

Check out the companies making headlines in after-hours trading. Alphabet — Shares of search engine giant Alphabet ticked 1% higher after Anthropic and Google officially announced their cloud partnership Thursday. The deal, worth tens of billions of dollars, gives Anthropic access up to one million of Google’s custom-designed Tensor Processing Units, or TPUs. Ford Motor […]

Read More
Stocks making the biggest moves midday: Super Micro, Knight-Swift, Wyndham, Las Vegas Sands, Hexcel and more
Finance

Stocks making the biggest moves midday: Super Micro, Knight-Swift, Wyndham, Las Vegas Sands, Hexcel and more

Check out the companies making the biggest moves midday: Super Micro Computer — The computer server manufacturer slumped 7% after cutting its fiscal first-quarter revenue forecast to about $5 billion from a prior estimate of $6 billion to $7 billion. Quantum computing stocks — Quantum computing shares jumped on a Wall Street Journal report that […]

Read More
With stock market concentration risk at peak, ‘cash, precious metals, and crypto’ is new normal
Finance

With stock market concentration risk at peak, ‘cash, precious metals, and crypto’ is new normal

ETF Edge With stock market concentration risk at peak, ‘cash, precious metals, and crypto’ is new normal Published Thu, Oct 23 202512:42 PM EDTUpdated 19 Min Ago Krysta Escobar WATCH LIVE Source

Read More