By Alexander Saeedy

Bank of America reported a 3% profit increase in the second quarter of 2025, which the bank chalked up to a healthy economy.

Profit came in at $7.1 billion, or 89 cents a share, compared with last year's second-quarter earnings of $6.9 billion, or 83 cents a share. Analysts had expected the bank to earn 86 cents a share this quarter.

Revenue rose 4% to $26.46 billion, short of the $26.71 billion analysts had expected.

Wall Street banks benefited in the quarter from market volatility spurred by President Trump's April tariff announcements, and the subsequent months of escalating trade wars. That led to increased client trading, as well as corporate borrowing and foreign-exchange work, though slowed dealmaking more than they had originally hoped.

Revenues from trading were $5.3 billion, up 14% year-over-year. It marks the 13th consecutive quarter of year-over-year revenue growth for the division, the bank said.

Investment banking fees were $1.5 billion, down from $1.6 billion in the prior period.

Net interest income was $14.7 billion, the fourth quarter in a row that the bank's profits from lending have grown.

In its sprawling consumer bank, Bank of America's income rose 15% to $2.97 billion, boosted by the net interest income.

Bank of America's chief executive attributed the bank's profit haul to overall strength in the U.S. economy, echoing other big banks that had reported Tuesday.

"Consumers remained resilient, with healthy spending and asset quality," Brian Moynihan said in a statement.

Write to Alexander Saeedy at alexander.saeedy@wsj.com

(END) Dow Jones Newswires

July 16, 2025 07:14 ET (11:14 GMT)

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