Bank of America reported fourth quarter 2025 net income of $7.6 billion, up 12% year-over-year, translating to earnings per share of $0.98 versus analysts’ consensus of $0.96. Total revenue climbed 7.1% to $28.53 billion, driven by strong net interest income and asset management fees. The results exceed consensus revenue expectations of $27.94 billion, marking the bank’s fourth consecutive quarter of revenue growth above the mid-single-digit range.

Net interest income rose 9.7% year-over-year to $15.92 billion, approximately $240 million above StreetAccount estimates. The increase reflects continued loan growth and favorable funding costs, partially offset by lower yields on securities. Average loans and leases grew 4% sequentially, while average deposits declined 2%, lifting the net interest margin by 10 basis points to 2.45%.

Equities trading revenue surged 23% to $2.02 billion, beating forecasts by roughly $160 million, as client activity increased in volatile markets. Fixed income trading was essentially flat, rising 1.5% to $2.52 billion, slightly below expectations. Asset management and servicing fees contributed $3.4 billion, up 8% year-over-year, reflecting higher market valuations and inflows into wealth management products.

Chair and CEO Brian Moynihan and CFO Alastair Borthwick will host a conference call at 8:30 a.m. ET to discuss results and 2026 guidance. Management is expected to address capital deployment plans, including share repurchases and dividend strategy, following a reported CET1 capital ratio of 11.5%. Investors will look for commentary on loan growth outlook, deposit repricing trends and potential impacts of evolving regulatory requirements.