Quarterly earnings surge at Bank of America
By Abigail Townsend
Date: Wednesday 15 Oct 2025
(Sharecast News) - Bank of America posted above-forecast third-quarter numbers on Wednesday, the latest Wall Street lender to benefit from a rebound in deal-making.
Revenues came in 11% higher at $28.1bn, boosted by higher net interest income (NII), investment banking and asset management fees and trading revenues. NII was 9% stronger at $15.2bn.
Net income, meanwhile, was $8.5bn, up on $6.9bn a year previously, while diluted earnings per share soared 31% to $1.06.
Analysts had been expecting EPS closer to $0.95.
Investment banking fees surged 43% to $2bn, well ahead of internal forecasts for a rise of up to 15%, while net income in the consumer arm rose to $3.4bn from $2.7bn.
Brian Moynihan, chief executive, said: "Strong loan and deposit growth, coupled with effective balance sheet positioning, resulted in record net interest income.
"We also saw strong fee performance from our market-facing businesses."
The bank - America's second-largest after JPMorgan Chase - now expects fourth-quarter NII to come in between $15.6bn and $15.7bn, up around 8% year-on-year.
As at 1245 BST, BofA was up 5% in pre-market trading.
It has been a bumper earnings season for Wall Street's banks, with Citigroup, Goldman Sachs, Wells Fargo and JPMorgan posting similarly steep hikes in income on Tuesday.
Morgan Stanley posted its own above-forecast results on Wednesday alongside BofA.
All have benefited from a rebound in mergers and acquisitions in recent months alongside heightened trading across global markets.
However, JPMorgan's Jamie Dimon and Goldman Sachs' David Solomon both warned on Tuesday that markets were at risk of tipping into bubble territory.
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