- Bank of America press release (NYSE:BAC): Q2 GAAP EPS of $0.89 beats by $0.03.
- Revenue of $26.46B (+4.2% Y/Y) misses by $270M.
- Book value per common share rose 8% to $37.13; tangible book value per common share rose 9% to $27.71
- Provision for credit losses of $1.6 billion increased from $1.5 billion in 2Q24 and 1Q25 – Net charge-offs of $1.5 billion were flat to 2Q24 and 1Q25
- CET1 ratio of 11.5% (Standardized);(D) well above the regulatory minimum
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