Bank of America beat expectations with a strong Q1 2025 earnings report.Bank of America (BAC 3.25%), a major player in the financial services industry, released its earnings for Q1 2025 on April 15, 2025. The quarter was marked by a significant earnings beat with EPS (GAAP) coming in at $0.90, outperforming market expectations by 9.8%. Revenue (GAAP) totaled $27.37 billion, surpassing estimates by $393 million or 1.5%. Overall, the quarter highlighted Bank of America's strong operational performance and str ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Bank of America (BAC) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.77 per share when it actually produced earnings of $0.82, delivering a surprise of 6.49%.Over the last four qua ...

Bank of America topped estimates for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul. As markets whipsawed around U.S. President Donald Trump's tariff policies, BofA brought in 9% higher trading revenue, mirroring trends seen at rivals."Though we potentially face a changing economy in the future, we believe the disciplined investments we have made for high-quality growth, our diverse set of businesses and the team's relentless focus on respons ...

Financial Performance - Net interest income for Q1 2025 was $14,443 million, an increase of 0.6% from Q4 2024's $14,359 million[7] - Noninterest income rose to $12,923 million in Q1 2025, up 17.6% from $10,988 million in Q4 2024[7] - Total revenue, net of interest expense, reached $27,366 million, a 7.9% increase compared to $25,347 million in Q4 2024[7] - Net income for Q1 2025 was $7,396 million, representing a 10.9% increase from $6,665 million in Q4 2024[9] - Diluted earnings per common share increased to $0.90 in Q1 2025, compared to $0.82 in Q4 2024[8] - The efficiency ratio improved to 64.93% in Q1 2025, down from 66.23% in Q4 2024[7] - Total revenue, net of interest expense, reached $27,511 million in Q1 2025, compared to $25,501 million in Q4 2024[16] - Net income for Q1 2025 was $7,396 million, up from $6,665 million in Q4 2024[18] Asset and Deposit Growth - Total assets increased to $3,349,424 million as of March 31, 2025, up from $3,261,519 million at the end of 2024, representing a growth of approximately 2.7%[11] - Total deposits grew to $1,989,564 million in Q1 2025, compared to $1,965,467 million in Q4 2024, reflecting an increase of approximately 1.2%[11] - Total assets increased to $3,351,423 million in Q1 2025 from $3,318,094 million in Q4 2024, reflecting a growth of 1.0%[14] - Total deposits at the end of Q1 2025 were $1,989,564 million, up from $1,965,467 million at the end of Q4 2024[18] Credit Losses and Provisions - Provision for credit losses was $1,480 million, slightly higher than $1,452 million in Q4 2024[8] - The provision for credit losses in Q1 2025 was $1,480 million, compared to $1,452 million in Q4 2024[18] - The allowance for loan and lease losses remained stable at $13,256 million in Q1 2025, slightly up from $13,240 million in Q4 2024[11] - The allowance for credit losses totaled $14,366 million as of March 31, 2025, with a reserve for unfunded lending commitments of $1,110 million[36] Capital Ratios and Equity - As of March 31, 2025, the Common Equity Tier 1 capital stands at $201,177 million, a slight increase from $201,083 million in December 31, 2024[12] - The Total Capital under the Standardized approach is $256,443 million, compared to $255,363 million at the end of 2024[13] - The Common Equity Tier 1 capital ratio is reported at 11.8% as of March 31, 2025, down from 11.9% in December 31, 2024[12] - Total common shareholders' equity increased to $275,082 million as of March 31, 2025, compared to $272,400 million in December 31, 2024[13] Segment Performance - Net interest income for the Global Wealth & Investment Management segment was $1,765 million in Q1 2025, compared to $1,753 million in Q4 2024, an increase of 0.7%[22] - Net income for the Global Wealth & Investment Management segment decreased to $1,007 million in Q1 2025 from $1,171 million in Q4 2024, a decline of 13.9%[22] - Net interest income in the Global Banking segment for Q1 2025 was $3,151 million, down from $3,270 million in Q4 2024, representing a decrease of about 3.6%[24] - Total revenue, net of interest expense, for the Global Banking segment was $5,977 million in Q1 2025, compared to $6,091 million in Q4 2024, a decline of approximately 1.9%[24] Nonperforming Loans and Credit Quality - Nonperforming loans, leases, and foreclosed properties were $2,987 million in Q1 2025, slightly up from $2,970 million in Q4 2024[25] - Nonperforming consumer loans and leases decreased to $2,613 million in Q1 2025 from $2,647 million in Q4 2024, a reduction of 1.3%[34] - Total nonperforming commercial loans and leases increased to $3,470 million in Q1 2025 from $3,328 million in Q4 2024, an increase of 4.3%[34] Miscellaneous - The corporation uses non-GAAP financial measures to provide additional clarity in understanding its results of operations and trends[38] - The corporation's return on average tangible common shareholders' equity is a key measure for evaluating its growth goals[37] - Book value per share of common stock rose to $36.39 in Q1 2025, up from $33.71 in Q4 2024, indicating improved shareholder value[39] - Tangible book value per share of common stock increased to $27.12 in Q1 2025 from $24.79 in Q4 2024, reflecting a positive trend in tangible equity per share[39]

Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in New York, US, on Tuesday, March 19, 2024.Bank of America is scheduled to report first-quarter earnings before the opening bell Tuesday.Here's what Wall Street expects:Earnings: 82 cents per share, according to LSEGRevenue: $26.99 billion, according to LSEGProvision for loan losses: $1.58 billion, per StreetAccountTrading Revenue: Fixed income of $3.46 billion, Equities of $2.12 billionBank of America ...

Core Viewpoint - Bank of America is set to pay $540.3 million following a judge's ruling in a lawsuit initiated by the FDIC regarding underpayment for deposit insurance [1] Group 1: Lawsuit Details - The FDIC sued Bank of America for $1.12 billion in 2017, claiming the bank did not comply with a 2011 rule that altered how banks report risk exposure, leading to reduced deposit insurance contributions [2] - The judge ruled against Bank of America's argument that the FDIC's rule lacked a reasonable basis, stating that the FDIC was not obligated to create a "perfect measure" for predicting banks' potential losses [3] - The judge determined that the FDIC's lawsuit was filed too late to claim amounts prior to the second quarter of 2013, resulting in the ordered payment covering assessments from Q2 2013 to the end of 2014 [3] Group 2: Bank of America's Response - A spokesperson for Bank of America expressed satisfaction with the judge's ruling and noted that the bank has reserves in place reflecting this decision [4] Group 3: Regulatory Environment - The FDIC's new acting chairman, Travis Hill, announced plans for a comprehensive review of regulations and a more open-minded approach to innovation and technology, including FinTech partnerships and digital assets [5] - The FDIC has recently updated its guidance, allowing FDIC-supervised institutions to engage in crypto-related activities without prior approval, provided they manage associated risks effectively [6]

Group 1 - Bank of America (BAC) is a well-recognized US-based financial conglomerate facing challenges in its share price due to recent financial issues [1] - The investment group European Small Cap Ideas focuses on high-quality small-cap investment opportunities in Europe, emphasizing capital gains and dividend income [1] - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content [1] Group 2 - The analyst has a beneficial long position in BAC.PR.B shares, indicating confidence in the stock's potential [2] - There is a possibility of writing put options on BAC's common shares and adding to the BAC.PR.B position in the near future [2]

Company Overview - Bank of America (BAC) is the second-largest bank in the United States, based in Charlotte, and operates in the Finance sector [3] - The stock has experienced a price change of -18.43% this year [3] Dividend Information - Bank of America currently pays a dividend of $0.26 per share, resulting in a dividend yield of 2.9%, which is higher than the Financial - Investment Bank industry's yield of 1.28% and the S&P 500's yield of 1.7% [3] - The annualized dividend of $1.04 has increased by 4% from the previous year, with an average annual increase of 8.84% over the last five years [4] - The company's payout ratio is 32%, indicating that it pays out 32% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Bank of America's earnings per share for 2025 is $3.64, reflecting a year-over-year earnings growth rate of 10.98% [5] Investment Perspective - Bank of America is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7] - The company is viewed as a solid dividend option, particularly in contrast to high-growth businesses or tech start-ups that typically do not offer dividends [7]

Bank of America (BAC) shares soared 6.1% in the last trading session to close at $37.15. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.6% loss over the past four weeks.The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.This nation's second-largest bank is expected to post quarterly earnings of $0.81 p ...