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PulseReporter > Blog > Money > Financial institution of America (BAC) earnings Q1 2025
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Financial institution of America (BAC) earnings Q1 2025

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Last updated: April 15, 2025 2:01 pm
Pulse Reporter 3 months ago
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Financial institution of America (BAC) earnings Q1 2025
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Brian Moynihan, chief govt officer of Financial institution of America Corp., throughout a Bloomberg Tv interview in New York, US, on Tuesday, March 19, 2024. 

Jeenah Moon | Bloomberg | Getty Photos

Financial institution of America on Tuesday posted first-quarter outcomes that topped analysts’ expectations for revenue and income on stronger-than-expected internet curiosity earnings and buying and selling income.

This is what the corporate reported:

  • Earnings: 90 cents a share vs. 82 cents per share LSEG estimate
  • Income: $27.51 billion vs. $26.99 billion anticipated

The financial institution stated revenue climbed 11% to $7.4 billion, or 90 cents a share, as income rose 5.9% to $27.51 billion.

These positive factors have been fueled by internet curiosity earnings, which is the distinction in what a financial institution pays depositors and what it earns on loans and investments, that rose to $14.6 billion within the quarter, exceeding the $14.56 billion StreetAccount estimate.

Financial institution of America stated its NII benefited from decrease deposit prices and higher-yielding investments in contrast with the year-earlier interval.

“Our enterprise shoppers have been performing nicely; and shoppers have proven resilience, persevering with to spend and sustaining wholesome credit score high quality,” CEO Brian Moynihan stated in a launch. “Although we probably face a altering financial system sooner or later, we consider the disciplined investments we’ve got made for high-quality progress, our various set of companies, and the staff’s relentless concentrate on accountable progress will stay a supply of energy.”

Shares of the agency rose lower than 2% in premarket buying and selling.

The financial institution stated equities buying and selling income rose 17% to $2.2 billion, which barely topped the $2.12 billion estimate, and glued earnings income rose 5% to $3.5 billion, in contrast with the $3.46 billion estimate.

Funding banking charges slipped 3% to $1.5 billion, lacking the $1.6 billion estimate, amid the industrywide slowdown attributable to commerce uncertainty.

The agency’s provision for mortgage losses, one other key metric watched by buyers as banks plan for a attainable recession later this yr, got here in higher than anticipated at $1.5 billion, in contrast with the $1.58 billion estimate.

Financial institution of America shares have offered off in latest weeks on concern that President Donald Trump‘s tariff insurance policies may trigger a recession.

The corporate’s inventory has fallen greater than 16% this yr by means of Monday.

JPMorgan Chase, Morgan Stanley and Goldman Sachs every exceeded analysts’ estimates on a growth in equities buying and selling income as banks took benefit of volatility within the quarter.

Don’t miss these insights from CNBC PRO

Wall Street gains on volatility while regional banks struggle to keep up

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