On Tuesday, Bank of America Corp (NYSE:BAC) reported a first-quarter fiscal 2025 net income of $7.4 billion (versus $6.7 billion a year ago) and EPS of $0.90, beating the analyst consensus estimate of $0.81.

Revenue increased 6.0% year over year to $27.37 billion, beating the analyst consensus estimate of $26.99 billion, driven by noninterest income growth across all segments and higher net interest income.

CEO Brian Moynihan said trade tensions and tariff-related turbulence did not affect the company’s performance or American consumers in the first quarter.

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Truist Securities analyst John McDonald updated models to reflect 1Q results and updated management outlooks. The updates reflect modest downward revisions to EPS, citing conservative run rates on certain fee revenue lines and slightly higher provisioning.

Truist reduced the 2025 EPS estimate to $3.60 (-$0.05) and the 2026 estimate to $4.30 ...

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