Bank of America Corp (NYSE:BAC) on Wednesday reported better than expected financial results for its third quarter 2025, propelled by a 43% increase in its investment banking revenue.
The bank's total revenue for the quarter rose 10.8% year over year to $28.24 billion, exceeding the $27.5 billion analyst consensus estimate, according to a survey conducted by LSEG.
Bank of America also saw its profit for the period climb 23% to $8.5 billion, or $1.06 per share, better than Wall Street expectations of $0.95 per share.
The company recorded $2 billion in investment banking fees during the quarter, surpassing estimates by about $380 million.
“With continued organic growth, every line of business reported top and bottom-line improvements,” Bank of America CEO Brian Moynihan said in a statement.
“Strong loan and deposit growth, coupled with effective balance sheet positioning, resulted in record net interest income.”
Bank of America’s net interest income improved by 9% in the quarter to $15.39 billion.
The company also set aside about 13% less for credit loss provisions during the period.
Bank of America is the second-largest US bank by assets.
Its shares rose nearly 5% in pre-market trading on Wednesday.