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Bank of America Reports Strong Q2 2025 Earnings

Bank of America Reports Strong Q2 2025 Earnings

Globe and Mail18-07-2025
Bank of America ( (BAC)) has released its Q2 earnings. Here is a breakdown of the information Bank of America presented to its investors.
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Bank of America, a leading global financial institution, provides a wide range of banking, investing, asset management, and financial services to individual consumers, small and middle-market businesses, and large corporations. The company is known for its extensive digital banking services and strong presence in wealth management and investment banking.
In its second-quarter earnings report for 2025, Bank of America announced a net income of $7.1 billion, or $0.89 per diluted share, marking an increase from the previous year. The bank's revenue rose by 4% year-over-year to $26.5 billion, driven by higher net interest income and increased sales and trading revenue.
Key financial highlights include a 7% growth in net interest income to $14.7 billion, reflecting continued deposit and loan growth. Consumer banking saw a 6% revenue increase to $10.8 billion, while Global Wealth and Investment Management reported a 7% rise in revenue to $5.9 billion. Global Markets experienced a 14% increase in sales and trading revenue, contributing to a net income of $1.5 billion.
Despite a decrease in investment banking fees, the bank maintained strong performance across its segments, with average deposits exceeding $2 trillion and average loans and leases growing by 7%. The bank also returned $7.3 billion to shareholders through dividends and share repurchases.
Looking ahead, Bank of America remains focused on supporting the broader economy with a robust balance sheet and continued investment in technology and people. The bank's management is optimistic about sustaining growth and delivering value to shareholders, despite potential economic uncertainties.
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Article content As of March 29, 2025 March 30, 2024 Assets Current Assets Cash and cash equivalents $ 1,509 $ 1,783 Accounts receivable and other receivables 6,608 8,455 Inventories 116,277 99,067 Prepaids and other current assets 2,072 2,913 Total current assets 126,466 112,218 Long-term receivables 1,084 1,571 Equity investment in joint venture 5,169 4,122 Property and equipment 25,380 25,717 Operating lease right-of-use asset 34,964 51,753 Intangible assets and other assets 3,017 7,887 Total non-current assets 69,614 91,050 Total assets $ 196,080 $ 203,268 Liabilities and Stockholders' Equity (Deficiency) Current liabilities Bank indebtedness $ 73,630 $ 63,372 Accounts payable 58,114 43,011 Accrued liabilities 6,053 6,112 Current portion of long-term debt 4,860 4,352 Current portion of operating lease liabilities 6,929 6,430 Total current liabilities 149,586 123,277 Long-term debt 21,374 22,587 Long-term portion of operating lease liabilities 38,629 59,881 Other long-term liabilities 4,502 2,672 Total long-term liabilities 64,505 85,140 Stockholders' equity (deficiency): Class A common stock – no par value, unlimited shares authorized, issued and outstanding 11,876,717 (11,447,999 as of March 30, 2024) 42,854 40,725 Class B common stock – no par value, unlimited shares authorized, issued and outstanding 7,717,970 57,755 57,755 Preferred stock – no par value, unlimited shares authorized, none issued — — Additional paid-in capital 19,719 21,825 Accumulated deficit (138,295 ) (125,476 ) Accumulated other comprehensive income (loss) (44 ) 22 Total stockholders' equity (deficiency) (18,011 ) (5,149 ) Total liabilities and stockholders' equity (deficiency) $ 196,080 $ 203,268 Article content Article content Article content Article content Contacts Article content Company Contact: Article content Article content Katia Fontana Article content Article content Vice President and Chief Financial Officer Article content

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