Bank of America's Q2 revenue up by 4.3% to $26.5B - Breaking The News

Bank of America's Q2 revenue up by 4.3% to $26.5B

16 July

1 min read

EPA/MAURITZ ANTIN

The Bank of America Corporation (BofA) announced on Wednesday that its total revenue in the second quarter of the fiscal year 2025 observed an annual rise of 4.3% to reach $26.5 billion. Its net income grew by 2.9% compared to the same period in 2024 to $7.1 billion. Meanwhile, the bank's diluted earnings per share (EPS) increased by 7.2% year-on-year to $0.89.

"We believe our second quarter results underscore the strength of our balance sheet and help demonstrate that we are well-positioned to support the broader economy. Asset quality remained strong, with net charge-offs at $1.5 billion for the sixth consecutive quarter. Consumer delinquencies have been stabilizing," Chief Financial Officer (CEO) Alastair Borthwick commented.

After the release of the report, the BofA's futures jumped by 1.43%.

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