Brian Moynihan, CEO of Financial institution of America, leaves the U.S. Capitol after a gathering with Republican members of the Senate Banking, Housing and City Affairs Committee on the problem of debanking on Thursday, February 13, 2025.
Tom Williams | Cq-roll Name, Inc. | Getty Photographs
Financial institution of America on Wednesday posted blended outcomes for the second quarter, beating estimates on earnings and lacking on income.
This is what the corporate reported:
- Earnings: 89 cents a share vs. 86 cents per share LSEG estimate
- Income: $26.61 billion vs. anticipated $26.72 billion
The corporate mentioned revenue climbed about 3% from a 12 months earlier to $7.12 billion, or 89 cents per share, topping the 86 cent estimate.
Income climbed about 4% to $26.61 billion, under analysts’ expectations, because the agency generated $14.82 billion in internet curiosity earnings, lacking estimates by $70 million.
Shares of the financial institution have climbed roughly 5% this 12 months earlier than Wednesday.
On Tuesday, JPMorgan, Citigroup and Wells Fargo every posted outcomes that topped analysts’ expectations for earnings and income.
This story is growing. Please test again for updates.
