Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025.
Tom Williams | Cq-roll Call, Inc. | Getty Images
Bank of America on Wednesday posted mixed results for the second quarter, beating estimates on earnings and missing on revenue.
Here’s what the company reported:
- Earnings: 89 cents a share vs. 86 cents per share LSEG estimate
- Revenue: $26.61 billion vs. expected $26.72 billion
Shares of the bank have climbed roughly 5% this year before Wednesday.
On Tuesday, JPMorgan, Citigroup and Wells Fargo each posted results that topped analysts’ expectations for earnings and revenue.
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