Diluted earnings per share amounted to $0.98 compared with $0.83, up 18 per cent. Revenue, net of interest expense, totaled $28.4 billion, up 7 per cent on 2024, reflecting higher net interest income , asset management fees, and sales and trading revenue. NII reached $15.8 billion, up 10 per cent, driven by higher NII related to global markets activity, fixed-rate asset repricing, and higher deposit and loan balances, partially offset by the impact of lower interest rates.

The provision for credit losses reached $1.3 billion, decreasing from $1.5 billion in Q4 2024. The banks stock rose by about 1 per cent as a result of the news.

For the global wealth and investment management arm, net income reached $1.4 billion in Q4 2025, up from $1.17 billion the previous year. Revenue totaled $6.6 billion, up 10 per cent, from $6 billion. The increase was driven primarily by higher asset management fees, up 13 per cent to $4.1 billion, reflecting higher market valuations and strong assets under management flows. Client balances totaled $4.8 trillion, up 12 per cent, driven by higher market valuations and positive net client flows. Average loans and leases reached $257 billion, up $28 billion, or 12 per cent. The firm also added ~21,000 net new relationships across Merrill and Private Bank in 2025, ~$2.2 trillion of AuM balances, up 16 per cent. Eighty-six per cent of Merrill and Private Bank clients were also digitally active.

“The Bank of America’s fourth quarter results capped off a strong year of earnings as we delivered more than $30 billion in net income and EPS grew over 2024,” chair and CEO Brian Moynihan, said. “And with solid revenue growth, positive operating leverage and a lower efficiency ratio, we improved returns year-over-year for both the full year and the quarter,” he continued. “With consumers and businesses proving resilient, as well as the regulatory environment and tax and trade policies coming into sharper focus, we expect further economic growth in the year ahead. While any number of risks continue, we are bullish on the US economy in 2026.”