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

Goodbye quarterly earnings? Here’s when traders believe this big change will happen

May 6, 2026

Key Points Traders on prediction markets platform Kalshi give 73% odds that the Securities and Exchange Commission will end its requirement for quarterly financial reports by April 2027. They give lower odds that it will happen by January. Recent rules from the commission typically take at least a year to get finalized. Source

Finance

Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging

May 6, 2026

Key Points Uber and Disney pointed to a remarkably resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips. “The consumers are spending, they’re spending locally, and we don’t see any signs of that weakening at this point,” CEO Dara Khosrowshahi said. Source

Finance

Stocks making the biggest moves premarket: AMD, Disney, Uber, Corning, Super Micro Computer & more

May 6, 2026

Check out the companies making the biggest moves premarket: Advanced Micro Devices — Shares surged 18% after the chipmaker issued strong guidance. AMD is calling for second-quarter revenue of $11.2 billion, plus or minus $300 million, versus the analyst estimate for $10.52 billion. First-quarter results also surpassed expectations on the top and bottom lines. Super […]