Bank of America profit climbed about 3% from a year earlier to $7.12 billion, or 89 cents per share. Revenue climbed about 4% to $26.61 billion, below analysts’ expectations. CEO Brian Moynihan pointed to the larger trends at his bank, saying that it was the fourth consecutive quarter that NII rose amid rising deposits and loan growth. 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 on Wednesday posted mixed results for the second quarter, beating estimates on earnings and missing on revenue.
It was the only major U.S. bank to fall short on revenue for the