Bank of America Q3 2025 Earnings: Net Income Jumps to $8.5B

Bank of America Corp (NYSE: BAC) reported robust financial results for the third quarter (Q3) of 2025, highlighting broad-based growth across its business segments.

Global Markets revenue rose 11% year-on-year to $6.2 billion, fueled by stronger sales and trading activity and higher investment banking fees. The segment delivered net income of $1.6 billion during the quarter. Sales and trading revenue within Global Markets increased 9% to $5.4 billion, including net debit valuation adjustment (DVA) gains of $14 million. Excluding DVA, the increase stood at 8%. Fixed Income, Currencies, and Commodities (FICC) revenue grew 5% to $3.1 billion, while Equities revenue climbed 14% to $2.3 billion.

Bank of America Q3 2025 Earnings: Net Income Jumps to $8.5B

Across all business segments, Bank of America posted net income of $8.5 billion, up from $6.9 billion in the third quarter of 2024. Diluted earnings per share (EPS) reached $1.06, marking a 31% increase from $0.81 in the prior year.

Revenue, net of interest expense, totaled $28.1 billion ($28.2 billion fully taxable equivalent), up 11% from a year ago. The growth was supported by higher net interest income, as well as increased fees from investment banking, asset management, and sales and trading.

Chair and CEO Brian Moynihan commented, “Strong net income growth drove third-quarter diluted earnings per share up 31% from last year, improving returns on assets and equity. Revenue grew 11% year-over-year. Strong loan and deposit growth, coupled with effective balance sheet positioning, resulted in record net interest income. Our market-facing businesses also delivered strong fee performance. With revenues growing faster than expenses, we achieved good operating leverage and an efficiency ratio below 62%. Every line of business reported top and bottom-line improvements, and I thank our teammates for a strong quarter.”

The results reflect Bank of America’s continued focus on organic growth and efficient operations, with all major segments contributing to earnings expansion and improved shareholder returns.

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