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

In this article

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

Finance

Jensen Huang woos Beijing as Nvidia finds a way back into China

July 16, 2025

Key Points Nvidia CEO Jensen Huang’s Beijing trip this week coincided with news that the company expects the U.S. will let it resume sales of an AI chip to China. Huang walked into the sunny courtyard of the Mandarin Oriental hotel about 15 minutes earlier than scheduled and took multiple questions from reporters. Here’s what […]

Finance

Stocks making the biggest moves premarket: Goldman Sachs, ASML, Diageo, Johnson & Johnson and more

July 16, 2025

Check out the companies making headlines in premarket trading. Bank of America — Shares popped 1.5% after the bank earned 89 cents per share for the second quarter, beating the consensus forecast of 86 cents a share from analysts polled by LSEG. But revenue came in at $26.61 billion, slightly below the $26.72 billion figure […]

Finance

Morgan Stanley earnings top estimates on increased trading revenue

July 16, 2025

In this article MS Follow your favorite stocksCREATE FREE ACCOUNT People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty Images Morgan Stanley on Wednesday reported second-quarter results that crushed Wall Street expectations on the back of higher trading revenues. Here’s what the […]