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.
Here’s what the company reported:
- Earnings: 89 cents a share vs. 86 cents per share LSEG estimate
- Revenue: $26.61 billion vs. expected $26.72 billion
The company said profit climbed about 3% from a year earlier to $7.12 billion, or 89 cents per share, topping the 86 cent estimate. Revenue climbed about 4% to $26.61 billion, below analysts’ expectations.
Shares of the bank have climbed roughly 5% this year before Wednesday.
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.
