Bank of America Reports $30.5B Net Income, Guides 5–7% NII Growth at 12x Earnings
Bank of America earned $30.5 billion in 2025 (+12.45%), with deposits above $2 trillion in Q4 and 2026 net interest growth guided at 5–7% at 12x earnings. BofA analysts assigned Qualcomm an Underperform rating with a $145 target, citing 2% growth and a $7–8 billion Apple revenue loss, leaving upside limited.
1. Strong 2025 Earnings and Deposit Growth
Bank of America delivered $30.5 billion in net income for 2025, a 12.45% increase year-over-year, driven by a rising rate environment and cost efficiencies. The bank’s deposit base topped $2 trillion in Q4, and management forecasts 5–7% net interest income growth for 2026 while the stock trades at roughly 12x trailing earnings.
2. Analyst Rating of Qualcomm
BofA’s research team reinstated coverage of Qualcomm with an Underperform rating and a $145 price target, projecting just 2% sales and earnings growth through 2028. Analysts highlighted Qualcomm’s impending $7–8 billion loss of Apple business and limited upside from its AI and automotive diversification efforts.