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Bank of America’s net interest income FTE stood at $13.86 billion, meeting the estimate of $13.81 billion.
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Trading revenue excluding DVA reached $4.68 billion, better than the estimate of $4.53 billion.
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Fixed Income, Currencies, and Commodities (FICC) trading revenue was $2.74 billion, slightly below the estimate of $2.8 billion.
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Equities trading revenue excluding DVA was $1.94 billion, beating the estimate of $1.73 billion.
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Wealth & investment management total revenue came in at $5.57 billion, close to the forecasted $5.58 billion.
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Total revenue net of interest expense was $25.38 billion, surpassing the $25.27 billion estimate.
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The provision for credit losses was $1.51 billion, nearly matching the estimate of $1.5 billion.
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Return on average equity (ROE) was 9.98%, higher than the estimated 9.57%.
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Return on average assets (ROA) was 0.85%, up from the estimated 0.82%.
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Return on average tangible common equity (ROTCE) was 13.6%, exceeding the estimate of 13.1%.
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Net interest yield stood at 1.93%, slightly under the estimate of 1.95%.
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The Basel III common equity Tier 1 (CET1) ratio, using the advanced approach, was 13.5%, meeting its estimate.
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The standardized CET1 ratio was 11.9%, in line with the estimated figure.
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Compensation expenses were $9.83 billion, slightly above the estimated $9.77 billion.
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Investment banking revenue reached $1.56 billion, beating the forecast of $1.45 billion.
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Net charge-offs stood at $1.53 billion, higher than the estimate of $1.45 billion.
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Loans totaled $1.06 trillion, in line with the estimate of $1.05 trillion.
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Total deposits were $1.91 trillion, slightly below the expected $1.93 trillion.
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Efficiency ratio was 63.9%, better than the estimated 64.2%.
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Non-interest expenses were $16.31 billion, in close alignment with the estimate of $16.3 billion.
