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Benzinga
Benzinga
Business
Anusuya Lahiri

Bank of America Q2 Loans And Deposits Grow, Efficiency Ratio Increases To 64.58%

Salt,Lake,City,utah,usa-june,16th,2024:,Bank,Of,America,Company,Brand

Bank of America Corp (NYSE:BAC) reported second-quarter fiscal 2025 net income of $7.1 billion (versus $6.9 billion a year ago) and EPS of $0.89, beating the analyst consensus estimate of $0.87.

Revenue, net of interest expense, increased 4% year-over-year (Y/Y) to $26.5 billion, missing the analyst consensus estimate of $26.8 billion.

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