BofA CEO Brian Moynihan ‘bullish’ on US economic system as merchants enhance quarterly income

Bank of America CEO Brian Moynihan said he remained bullish on the US economic system as the financial large posted a bigger-than-expected quarterly revenue, with risky markets fueled the bank’s trading features.

The Charlotte-based mega bank reported internet income of $7.6 billion, or 98 cents per share for the three months ending Dec. 31. That’s a 12% soar from $6.8 billion, or 83 cents per share, a yr in the past.

Total income after curiosity prices rose 7% to $28.4 billion, beating analysts’ estimates of round $27.9 billion.

BofA CEO Brian Moynihan said in a assertion that he was still “bullish” on the state of the US economic system and the outlook for 2026. REUTERS

For all of 2025, income hit $30.5 billion, up from $27 billion the prior yr, with per-share earnings climbing 19% to $3.81.

CEO Moynihan said: “With consumers and businesses proving resilient, as well as the regulatory environment and tax and trade policies coming into sharper focus, we expect further economic growth in the year ahead. While any number of risks continue, we are bullish on the US economy in 2026.”

Shares of Bank of America rose about 2% in premarket trading, including to a stock that’s gained roughly 15% over the past year amid broader market features.

Net curiosity income, which is the distinction between what the bank earns on loans and pays out on deposits, climbed 10% to $15.8 billion.

Average loans elevated 8% to $1.17 trillion, while deposits rose 3% to $2.01 trillion, indicating that clients are remaining loyal despite better yields out there elsewhere.

BofA’s trading desks also shone amid global jitters about Trump’s tariffs and battle in the Middle East and Ukraine.

Revenue from shopping for and promoting shares, bonds, and currencies in the global markets division surged 10% to $5.3 billion.

BofA’s merchants helped energy the bank’s profitability during what was a risky second in global markets. REUTERS

On the value facet, non-interest bills, that are gadgets such as salaries, technology upgrades, and department operations, elevated 4% to $17.4 billion.

But effectivity improved, with the ratio of bills to income dropping to 61% from 63%, which means the bank is squeezing more revenue from each greenback.

Loan loss provisions — money put aside for souring money owed — fell to $1.3 billion from $1.5 billion, a signal that customers and companies are holding up properly as inflation eases and jobs keep plentiful.

BofA said its shopper banking unit, which handles checking accounts, bank cards, and mortgages, earned $3.3 billion on $11.2 billion in income, up 5% due to regular spending.

The Charlotte-based large reported internet income of $7.6 billion, or 98 cents per share — the revenue after taxes divided by the quantity of shares excellent — for the three months ending Dec 31. Christopher Sadowski

Wealth management for richer shoppers pulled in $1.4 billion on a 10% income rise to $6.6 billion, boosted by fees and a 12% loan bump.

Corporate banking netted $2.1 billion on $6.2 billion in income, up 2%, with deposits ballooning 13%. Markets chipped in $1 billion, while other areas misplaced $132 million.

The bank said its stability sheet held complete belongings at $3.41 trillion, and a core capital cushion, generally known as the Common Equity Tier 1 ratio, a key measure of financial strength, stood at a strong 11.4%

The Charlotte-based lender, with roots tracing to 1904, serves 69 million clients and manages $3 trillion in wealth belongings.

It navigated 2023’s regional bank turmoil unscathed however confronted scrutiny over capital guidelines, shopper fees, and claims by conservatives that have been being debanked.

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