Earnings Reports from Two Banks in the USA
👉 July 16, 2025, marks the kickoff of the second quarter earnings season for major banks in the USA. Here’s the release schedule and key highlights:
Bank of America (BAC)
– Reported before market open (around 8:30 AM ET): net income of $7.1 billion, or $0.89 per share, exceeding expectations of $0.86 EPS.
Goldman Sachs (GS) and Morgan Stanley (MS)
– Also reported their results today: Goldman Sachs recorded a 0.4% increase in profit, while Morgan Stanley saw a -1.6% movement in its shares after the earnings report – reflecting mixed performance in trading and asset management.
Banks that kicked off the season on July 15
– JPMorgan Chase, Citigroup, and Wells Fargo released their Q2 earnings yesterday, with robust profits, a decrease in provisions for credit losses, and increased confidence in consumer risk profiles.
In the coming days, they will follow the earnings reports of other financial institutions (such as Bank of New York Mellon, U.S. Bank, and PNC Financial), as well as tech and industrial giants reporting their numbers throughout the week.
