Brian Moynihan, Chairman and CEO of Financial institution of America, speaks with Financial Membership of Washington Chair David Rubenstein at an occasion on the Ritz-Carlton on February 25, 2025 in Washington, DC.
Anna Moneymaker | Getty Pictures
Financial institution of America on Wednesday posted fourth-quarter earnings that topped analysts’ expectations on positive aspects from internet curiosity earnings and equities buying and selling.
Here is what the corporate reported:
- Earnings: 98 cents a share vs. 96 cents estimate of analysts surveyed by LSEG
- Income: $28.53 billion vs. anticipated $27.94 billion
The corporate stated revenue rose 12% to $7.6 billion, or 98 cents per share, from a yr earlier. Income rose 7.1% to $28.53 billion, due to rising internet curiosity earnings, asset administration charges and buying and selling income.
Internet curiosity earnings, which is the distinction in what a financial institution earns on loans and securities and what it pays depositors for his or her financial savings, rose 9.7% to $15.92 billion within the quarter. That’s roughly $240 million greater than what analysts had anticipated, per StreetAccount.
Equities buying and selling income rose 23% to $2.02 billion, or about $160 million greater than anticipated. Mounted earnings buying and selling income edged up by 1.5% to $2.52 billion, or about $120 million beneath what analysts had forecasted for the quarter.
Financial institution of America, the second-largest U.S. financial institution by property, has been a beneficiary of the business’s latest tailwinds. Falling rates of interest, rising Wall Avenue buying and selling and advisory charges, secure shopper credit score and deregulation have all helped the lender, whose shares rose 24% final yr.
Analysts will need to hear steerage from CEO Brian Moynihan as as to whether momentum will carry into 2026.
On Tuesday, JPMorgan Chase posted outcomes that exceeded expectations on better-than-expected buying and selling income. Citigroup and Wells Fargo additionally report outcomes Wednesday, whereas Goldman Sachs and Morgan Stanley will launch outcomes Thursday.
This story is creating. Please examine again for updates.
