A improvement is attributed to a 5% increase in revenues compared to the same period last year, reaching $53.829 billion (approximately €46.215 billion).
The second-quarter results, released today, indicate an improvement in profit from April to June compared to the same months in 2024, but a decline compared to January to March 2025.
In the first quarter, the institution based in Charlotte, North Carolina, achieved a result of $7.116 billion (€6.109 billion), which is 3.2% more than the same period in 2024, but 3.8% less than the $7.396 billion (€6.349 billion) from the first three months of the year.
Of the $53.829 billion (€46.215 billion) in revenue obtained over the semester, $26.463 billion (€22.720 billion) was achieved in the second quarter.
The value increased by 4.3% compared to the period from April to June of the previous year, but decreased by 3.3% compared to January and March 2025.
In the statement announcing the results, CEO Brian Moynihan asserts that the financial institution performed solidly, with commercial loans rising and deposits also increasing.
“We reported another solid quarter, with earnings per share up 7% from last year. Net interest income grew for the fourth consecutive quarter, reflecting eight consecutive quarters of deposit growth and an annual loan growth of 7%,” highlighted the executive.
Along with Bank of America, Goldman Sachs and Morgan Stanley, other major U.S. banks, also released their quarterly results today, following Wells Fargo, Citigroup, and JPMorgan, which did so on July 15.
Despite the turbulent environment of the last three months, the results of most institutions exceeded analysts’ expectations, driven by consumer resilience and recovery in stock operations.
