Bank of America Corp (NYSE:BAC) reported fourth-quarter fiscal 2025 financial results on Wednesday.
The bank reported a net income of $7.6 billion (down from $6.80 billion a year ago) and EPS of 98 cents, beating the analyst consensus estimate of 96 cents.
Revenue, net of interest expense, increased 7% year-over-year (Y/Y) to $28.532 billion, beating the analyst consensus estimate of $27.944 billion.
The bank said debit and credit card spending climbed 6% to $255 billion during the period. The credit card balances more than 90 days past due declined to 1.27% from 1.35% a year earlier, the Wall Street Journal reported on Wednesday.
Segments
The Consumer Banking segment reported a net income of $3.30 billion, compared to $2.82 billion year-over-year. Global Wealth and Investment Management generated $1.41 billion, up from $1.17 billion year-over-year.
Global Banking achieved $2.09…
