Reports Q2 revenue $26.5B, consensus $26.77B. Reports Q2 tangible book value per share $27.71. Reports Q2 CET1 capital ratio 11.5%. Reports Q2 net charge-offs 0.55%. Chair and CEO Brian Moynihan said, “We delivered another solid quarter, with earnings per share up seven percent from last year. Net interest income grew for the fourth straight quarter, reflecting eight consecutive quarters of deposit growth and seven percent year-over-year loan growth. Consumers remained resilient, with healthy spending and asset quality, and commercial borrower utilization rates rose. In addition, we saw good momentum in our markets businesses. So far this year, we have supplied more capital to our businesses and returned 40 percent more capital to shareholders in the first half of this year than last year.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- Here’s what Wall St. experts are saying about these banks ahead of earnings
- Notable companies reporting before tomorrow’s open
- Bank of America (BAC) Is About to Report Q2 Earnings This Week. Here Is What to Expect
- 3 Mega Cap Stocks with Potential to Beat the Market, 7/14/25
- Options Volatility and Implied Earnings Moves This Week, July 15 – July 18, 2025