Strong Financial Performance: Bank of America reported revenue of $26.6 billion in Q2 2025, marking a 4% year-over-year increase. Net income was $7.1 billion, leading to earnings per share (EPS) of $0.89, a 7% year-over-year growth. The bank achieved a record net interest income (NII) of $14.8 billion, up 7% from Q2 2024. The return on tangible common equity was 13.4%, indicating solid profitability.

Continued Deposit Growth: Bank of America has seen consistent growth in average deposits, which increased for eight consecutive quarters. Total consumer deposits reached $950 billion, representing a 39% growth since pre-pandemic levels. The average consumer checking account balance exceeded $9,200, highlighting improved consumer wealth.

Operational and Expense Management: The bank managed to maintain expenses below $17.2 billion, which was $600 million lower than Q1 2025. The adaptable headcount strategy has led to a flat headcount with no significant changes expected, contributing to disciplined expenditure despite rising regulatory costs.