Bank of America Corp (NYSE:BAC) has just released its financial report for the second quarter of 2025.

The net income from the Global Markets segment amounted to $1.5 billion, up from the $1.4 billion result registered in the year-ago quarter.

Global Markets revenue was $6.0 billion, 10% higher than a year ago, driven primarily by higher sales and trading revenue.

Sales and trading revenue of $5.3 billion increased 14% (excl. net DVA, up 15%). FICC revenue increased 16% (excl. net DVA, increased 19%) to $3.2 billion, driven by strong performance in macro products. Equities revenue of $2.1 billion increased 10% (incl. and excl. net DVA),on the back of improved trading performance and increased client activity.

Across all segments, net income amounted to $7.1 billion, or $0.89 per diluted share, compared to $6.9 billion, or $0.83 per diluted share.

Revenue, net of interest expense, of $26.5 billion ($26.6 billion FTE), was up 4%, reflecting higher net interest income (NII), sales and trading revenue and asset management fees, as well as lower investment banking fees.

Provision for credit losses of $1.6 billion increased from $1.5 billion in 2Q24 and 1Q25.

Chair and CEO Brian Moynihan commented:

“We delivered another solid quarter, with earnings per share up seven percent from last year. Net interest income grew for the fourth straight quarter, reflecting eight consecutive quarters of deposit growth and seven percent year-over-year loan growth.

Consumers remained resilient, with healthy spending and asset quality, and commercial borrower utilization rates rose. In addition, we saw good momentum in our markets businesses. So far this year, we have supplied more capital to our businesses and returned 40 percent more capital to shareholders in the first half of this year than last year.”