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Bank of America 4Q25 Financial Results January 14, 2026 Note: IB stands for investment banking. ROA stands for return on average assets. ROE stands for return on average common shareholders' equity. ROTCE stands for return on average tangible common shareholders' equity. 5 End of period (EOP). 6 CET1 stands for common equity tier 1 capital. CET1 ratio at December 31, 2025, is preliminary. 7 GLS stands for average Global Liquidity Sources. See note A on slide 27 for definition of Global Liquidity Sources. 8 ...

Group 1 - The core viewpoint of the articles highlights that Bank of America (BAC.US) reported strong Q4 performance in 2025, exceeding market expectations due to increased trading activity driven by market volatility and expectations of interest rate cuts by the Federal Reserve [1][2] - Bank of America's Q4 revenue grew by 7% year-over-year to $28.37 billion, surpassing the market expectation of $27.76 billion [1] - The net interest income (NII FTE) for Q4 increased by 10% year-over-year to $15.75 billion, also exceeding the market forecast of $15.48 billion [1] - The net profit for the quarter was $7.65 billion, reflecting a 12% year-over-year increase, with diluted earnings per share at $0.98, which was better than anticipated [1] Group 2 - Investment banking revenue saw a modest year-over-year growth of 0.7%, outperforming analyst expectations amid a recovery in trading activity [2] - Advisory fees for mergers and acquisitions rose by 6.1%, and debt issuance revenue increased by 5.9%, while equity issuance revenue fell significantly by 18% [2] - The performance of Bank of America provides insights into the operational status of major U.S. banks in the first year of Trump's return to the White House [2] - Executives from major banks, including Bank of America, expressed optimism about the U.S. economy in 2026, citing resilience among consumers and businesses, along with clearer regulatory and tax policies [2]

Group 1 - Bank of America Corp. reported its best fourth quarter ever, with equity trading revenue rising 23% to $2.02 billion, exceeding analysts' expectations of approximately $1.9 billion [1] - The company's earnings reached 98 cents per share, surpassing analysts' estimates [1] - Net interest income (NII) increased by 9.7% to $15.8 billion, outperforming the expected 7.8% growth [3] Group 2 - The CEO of Bank of America expressed optimism about the US economy in 2026, citing resilience among consumers and businesses, along with a clearer regulatory environment [2] - The company anticipates NII to rise by 7% in the first quarter of 2026 on a fully taxable equivalent basis, with a full-year growth forecast of 5% to 7% [3] - The fourth-quarter results provide insights into the performance of major US banks during the first year of President Trump's return to office [4]

Group 1 - The Chief Financial Officer of Bank of America expressed a "very optimistic" outlook for merger and acquisition activity in the coming year [1] - It is considered premature to comment on potential business opportunities in Venezuela at this time [1]

来源：环球市场播报 股票交易收入同比大增 23%，达到 20.2 亿美元，超出预期约 1.6 亿美元；固定收益交易收入同比小幅 增长 1.5%，至 25.2 亿美元，低于分析师预期约 1.2 亿美元。 投行业务手续费收入与去年同期基本持平，为 16.7 亿美元，与 StreetAccount 的预期值近乎一致。 此外，该季度美国银行的贷款损失准备金为 13.1 亿美元，低于分析师预期约 1.9 亿美元，这也对业绩形 成了正向提振。 核心要点 美国银行财报关键数据如下： 美国银行于周三发布四季度财报，得益于净利息收入和股票交易业务的强劲增长，该行盈利表现超出分 析师预期。 具体财报数据如下： 财报显示，美国银行四季度利润同比增长 12%，达到 76 亿美元，对应每股收益 0.98 美元；营收同比增 长 7.1% 至 285.3 亿美元，这一增长得益于净利息收入、资产管理费以及交易收入的全面上涨。 受财报利好影响，美国银行盘前股价上涨约 1%。 美国银行首席执行官布莱恩・莫伊尼汉在财报声明中表示："鉴于消费者与企业的经济表现具备韧性， 同时监管环境、税收及贸易政策的走向愈发清晰，我们预计未来一年经济将实现进一步增 ...

Banking giants Bank of America (BAC) and Wells Fargo (WFC) both reported Wednesday morning that their fourth quarter and full-year profits rose from a year ago. For the quarter, Bank of America's net income came in at $7.6 billion, a 12% rise from a year ago and ahead of forecasts for $7.4 billion. Wells Fargo's net income rose 6% to $5.4 billion, in-line with forecasts. Both banking giants reported their highest full-year net income in four years. Bank of America's earnings per share came in at $0.98, ...

Core Insights - Both Bank of America and Wells Fargo reported increased profits for the fourth quarter and full year, marking their highest full-year net income in four years [1][2]. Financial Performance - Bank of America's net income for the fourth quarter was $7.6 billion, a 12% increase from the previous year, exceeding forecasts of $7.4 billion [1]. - Wells Fargo's net income rose 6% to $5.4 billion, aligning with forecasts [1]. - Earnings per share for Bank of America was $0.98, surpassing expectations, while Wells Fargo's earnings per share was $1.62, falling short of the forecast of $1.67 [2]. Revenue Drivers - Bank of America experienced a 7% increase in firm-wide revenue to $28 billion, driven by higher lending revenues and fees [3]. - Wells Fargo's revenue increased by 4% to $21.3 billion, also attributed to higher lending revenues and fees [3]. - Bank of America's fourth quarter dealmaking revenue rose 1% to $1.67 billion, while trading fees increased by 10% to $4.5 billion, primarily due to equities [3]. - Wells Fargo's investment banking revenue fell 1%, but its markets division reported an 8% increase in trading fees to $1.6 billion [4]. Management Outlook - The CEOs of both banks expressed optimism regarding the U.S. economy and their institutions' future growth [4]. - Bank of America CEO Brian Moynihan highlighted a bullish outlook for the U.S. economy in 2026 [4]. - Wells Fargo CEO Charles Scharf noted the company's ability to compete more effectively following the loosening of growth restrictions, allowing for increased resource allocation towards growth [5].

Bank of America saw revenue from equity trading rise 23% to $2.02 billion and net interest income topped analysts' estimates as traders posted a strong fourth quarter. Dani Burger reports on Bloomberg Television. ...

Market Overview - US stock index futures are all down, with Dow futures down 0.32%, S&P 500 futures down 0.42%, and Nasdaq futures down 0.63% [1] - The German DAX index is down 0.41%, while the UK FTSE 100 is up 0.26%, and the French CAC40 is up 0.03% [2][3] - WTI crude oil has increased by 1.19%, priced at $61.88 per barrel, and Brent crude oil has also risen by 1.19%, priced at $66.25 per barrel [3][4] Economic Insights - Expectations for Federal Reserve interest rate cuts have shifted, with traders increasingly betting that the Fed will maintain rates throughout the year, influenced by recent labor market data and CPI indicating stable inflation [4] - A prominent investor predicts a potential 20% decline in the Dow Jones index by the end of the year, citing pressures on ordinary consumers due to high living costs [5] Debt Market Concerns - Morgan Stanley reports that the size of basis trading in US Treasuries has ballooned to approximately $1.5 trillion, necessitating close monitoring to avoid a repeat of market volatility seen in 2020 [6] Commodity Market Developments - Silver prices have surged nearly 4%, reaching $90.36 per ounce, with a peak at $91.56, driven by rising safe-haven demand amid geopolitical tensions [7] - LME tin prices have reached a historical high of $51,675 per ton, reflecting a significant increase driven by Chinese investor interest in commodities [7] Company Earnings Reports - Bank of America reported Q4 net revenue of $28.37 billion, exceeding market expectations of $27.76 billion, and net interest income of $15.75 billion, also above expectations [8] - Wells Fargo's Q4 revenue was $21.29 billion, falling short of the expected $21.64 billion, with net interest income of $12.33 billion, below the anticipated $12.43 billion [9] - Tesla is shifting its Full Self-Driving (FSD) sales model to a subscription service, effective February 14, significantly lowering the entry cost for consumers [9] - Netflix is exploring an all-cash acquisition of Warner Bros. to expedite the deal process amid competitive pressures [10] - Citigroup is set to lay off approximately 1,000 employees as part of a broader plan to reduce its workforce by 20,000 by the end of the year [10] Pharmaceutical Innovations - Amgen's experimental weight loss drug MariTide shows promise with a monthly injection regimen that helps patients maintain weight loss over two years, contrasting with the more frequent injections of existing weight loss medications [11]