Warren Buffett-held Bank of America results beat estimates; stock jumps

Shares of Bank of America Ltd. recovered losses and jumped in pre-market trading after beating analyst expectations on most parameters.

The lender’s Net Interest Income (NII) or core income earned by the lender stood at $14.67 billion, which was higher than the Bloomberg consensus estimate of analysts, which stood at $14.59 billion.

Trading revenue for the quarter, adjusted for Debit Value Adjustment (DVA) stood at $5.38 billion, also higher than expectations of $4.94 billion.
Debit Value Adjustment is a financial concept used in derivatives and risk management to reflect the credit risk of company’s own liabilities when valuing financial instruments.

Earnings per Share for the lender stood at $0.89, which is higher than the $0.86 estimate.

Revenue for the quarter increased by 4% on a year-on-year basis to $26.61 billion, which was below expectations of $26.72 billion.

Despite significantly selling stake in 2024 and in the first quarter of 2025, Bank of America continues to remain a key holding for Warren Buffett’s Berkshire Hathaway. According to available data, that stake is currently valued at close to $29 billion.

Bank of America shares are currently trading 1.4% higher in pre-market trading, having gained as much as 2.3% post the results announcement.