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

Kevin Warsh moves ahead in Fed chief race on Kalshi after Hassett pushback
Finance

Kevin Warsh moves ahead in Fed chief race on Kalshi after Hassett pushback

Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the U.S. Federal Reserve. Reuters Kevin Warsh has surged ahead of Kevin Hassett in prediction markets betting on who President Donald Trump will nominate as the next chair of the Federal Reserve, as doubts grow inside Trump’s orbit about Hassett’s […]

Read More
Stocks making the biggest moves premarket: Pfizer, Roku, Kraft Heinz & more
Finance

Stocks making the biggest moves premarket: Pfizer, Roku, Kraft Heinz & more

Check out the companies making headlines before the bell: Pfizer — The pharma giant issued disappointing 2026 earnings guidance. Pfizer a profit between $2.80 per share and $3 per share for the coming year. Analysts polled by LSEG expected earnings per share of $3.05 for 2026. The company also reaffirmed its 2025 outlook. Shares hovered […]

Read More
Stocks making the biggest moves midday: Zillow, KLA, iRobot, Immunome & more
Finance

Stocks making the biggest moves midday: Zillow, KLA, iRobot, Immunome & more

Check out the companies making the biggest moves midday: KLA Corp. — The semiconductor equipment maker jumped 4%, nearing a 52-week high, after Jefferies raised its 12-month price target to $1,500 from $1,200, saying “AI continues to drive spend with [wafer fab equipment] accelerating into C26/C27,” and citing KLA’s “outsized exposure to the Leading Edge.” […]

Read More