Bank of America (BAC) earnings Q3 2025

Bank of America announced its third-quarter results on Wednesday, exceeding analysts’ expectations with strong investment banking revenue. The second-largest U.S. bank by assets reported earnings per share of $1.06, higher than the expected 95 cents, and revenue of $28.24 billion, surpassing the $27.5 billion forecast.

Profit for the quarter rose by 23% from the previous year to $8.5 billion, or $1.06 per share, while revenue increased by 10.8% to $28.24 billion. The bank’s shares rose by 4% on the news, bringing their year-to-date climb to almost 19%.

Bank of America, like its peers, benefited from robust performance in its Wall Street businesses. Investment banking fees saw a significant surge of 43% from the previous year, reaching $2 billion, surpassing analysts’ expectations by $380 million. Equities trading revenue also contributed to the strong results, rising by 14% to $2.3 billion, exceeding estimates by approximately $200 million.

Fixed income trading saw a 5% increase to $3.1 billion, in line with expectations. The bank also experienced improvements in credit losses, with the provision for credit losses decreasing by about 13% to $1.3 billion, below the estimated $1.58 billion. Net interest income rose by 9% to $15.39 billion, exceeding estimates by $150 million.

CEO Brian Moynihan expressed optimism about the results, highlighting the top and bottom-line improvements across all lines of business. Moynihan attributed the record net interest income to strong loan and deposit growth, along with effective balance sheet positioning.

Overall, Bank of America’s strong performance in the third quarter was driven by robust investment banking revenue, trading gains, and improved credit loss outlook. The company’s continued organic growth and effective balance sheet management have positioned it for success in the current market environment. Stay tuned for more updates on this developing story.