Bank of America(US:BAC) Ge Long Hui A P P·2025-10-15 11:32Core Insights - Bank of America (BAC.US) reported third-quarter earnings that exceeded market expectations, driven by a rebound in merger and acquisition (M&A) activity and stronger-than-expected net interest income [1] Group 1: Financial Performance - Investment banking revenue increased by 43% year-over-year to $2.05 billion, significantly surpassing analyst estimates of $1.65 billion [1] - M&A advisory fees surged by 51% to $583 million [1] - Equity and debt underwriting revenues rose by 34% and 42%, respectively [1] - Net interest income grew by 9.1% to $15.2 billion, exceeding the analyst forecast of a 7.6% increase [1] - Net profit for the three months ending September 30 soared by 23% year-over-year to $8.47 billion [1] Group 2: Market Trends - The rebound in M&A advisory business is attributed to easing trade uncertainties [1] - Other major banks, including JPMorgan Chase, Goldman Sachs, and Citigroup, also reported strong third-quarter results [1] - Bank executives indicated that the momentum in transactions is expected to continue, with a robust pipeline for investment banking activities [1]