Bank of America Reports Strong Q2 2025 Performance

By Hao Liu • Wednesday, July 16 15:30 • Permanent Link

Bank of America has reported a strong second quarter of 2025, with net income reaching $7.1 billion and earnings per share at $0.89, marking a 7% increase from the previous year. The company's revenue also saw a notable 4% year-over-year growth, reaching $26.5 billion.

In Consumer Banking, the bank achieved a net income of $3.0 billion, with a 6% increase in revenue, totaling $10.8 billion. Average deposits stood at $952 billion, slightly higher than the pre-pandemic levels, and up by 32% from the same period in 2019. Additionally, average loans and leases increased by $7 billion, or 2%, while combined credit/debit card spend grew by 4% to $244 billion. Notably, the bank added approximately 175,000 net new consumer checking accounts, marking the 26th consecutive quarter of growth.

The Global Wealth and Investment Management segment reported a net income of $1.0 billion, with a 7% increase in revenue, reaching $5.9 billion. This growth was primarily driven by a 9% increase in asset management fees, which totaled $3.6 billion, attributed to strong asset under management flows and higher market levels.

Global Banking achieved a net income of $1.7 billion, despite a 9% decrease in total corporation investment banking fees (excluding self-led). The segment saw a notable 15% improvement in treasury service charges and an 8% growth in middle market average loan balances.

The Global Markets segment reported a net income of $1.5 billion, with sales and trading revenue up 14% to $5.3 billion, and fixed income, currencies, and commodities (FICC) revenue up by 16%, reaching $3.2 billion. Excluding net debit valuation adjustment (DVA), FICC revenue was up by 19%.

Notably, Bank of America's net interest income grew for the fourth consecutive quarter, up 7% year-over-year to $14.7 billion, showcasing eight consecutive quarters of deposit growth and a 7% year-over-year loan growth. The bank also highlighted its strong momentum in the markets businesses.

Following these announcements, the company's shares moved -0.56%, and are now trading at a price of $45.89. For the full picture, make sure to review BANK OF AMERICA CORP /DE/'s 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.