Brian Moynihan, Chairman and CEO of Financial institution of America, speaks with Financial Membership of Washington Chair David Rubenstein at an occasion on the Ritz-Carlton on February 25, 2025 in Washington, DC.
Anna Moneymaker | Getty Pictures
Financial institution of America on Wednesday posted fourth-quarter earnings that topped analysts’ expectations on good points from internet curiosity earnings and equities buying and selling.
This is what the corporate reported:
- Earnings: 98 cents a share vs. 96 cents estimate of analysts surveyed by LSEG
- Income: $28.53 billion vs. anticipated $27.94 billion
Financial institution of America, the second-largest U.S. financial institution by belongings, has been a beneficiary of the trade’s current tailwinds.
Surging Wall Avenue buying and selling and advisory charges, secure client credit score and deregulation have all helped the lender, whose shares rose 24% final yr.
Analysts will wish to hear steering from CEO Brian Moynihan as as to whether momentum will carry into 2026.
On Tuesday, JPMorgan Chase posted outcomes that exceeded expectations on better-than-expected buying and selling income. Citigroup and Wells Fargo additionally report outcomes Wednesday, whereas Goldman Sachs and Morgan Stanley will launch outcomes Thursday.
This story is creating. Please test again for updates.