[ad_1]
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 Photos
Financial institution of America on Wednesday posted fourth-quarter earnings that topped analysts’ expectations on beneficial properties from internet curiosity revenue 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 12 months earlier. Income rose 7.1% to $28.53 billion.
Financial institution of America, the second-largest U.S. financial institution by property, has been a beneficiary of the trade’s current tailwinds.
Surging Wall Road buying and selling and advisory charges, secure client credit score and deregulation have all helped the lender, whose shares rose 24% final 12 months.
Analysts will wish to hear steering 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 growing. Please examine again for updates.
[ad_2]
