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 Photos
Financial institution of America reported fourth-quarter earnings earlier than the opening bell Wednesday.
This is what the corporate reported in contrast with what Wall Avenue analysts surveyed by LSEG had been anticipating:
- Earnings: 98 cents a share, vs. anticipated 96 cents
- Income: $28.53 billion, vs. anticipated $27.94 billion
Financial institution of America, the second-largest U.S. financial institution by property, 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 12 months.
Analysts will wish to hear steerage 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 growing. Please examine again for updates.
