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Sunday, 27 July 2025
Investing

Bank Of America Q2 EPS Tops Estimates, But Revenues Miss – Update

Bank Of America Q2 EPS Tops Estimates, But Revenues Miss – Update

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On average, 16 analysts hoped that the company reported an earning of $ 0.87 per share for the quarter. Analysts usually exclude special objects.

The provision of credit deficit was $ 1.59 billion compared to $ 1.51 billion last year.

Total revenue, net interest of interest expenses, high net interest income (NII), sales and business revenue and asset management fee, as well as low investment banking fee increased by 4 percent from $ 25.38 billion to $ 26.46 billion in the previous year quarter. Wall Street expected a revenue of $ 26.77 billion for the quarter.

The net interest income was $ 14.60 billion, which was 7 percent from the previous year, as high NIIs related to the activity of the global markets, and the deposit and debt hike were partially offset with the impact of low interest rates.

Non-bid income from $ 11.68 billion last year to $ 11.79 billion.

From last year, non -intraventh spending increased by 5 percent to $ 17.2 billion.

For more earning news, earning calendar, and earnings for shares, go to rttnews.com

The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.

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