Bank of America CEO Brian Moynihan speaks on Bloomberg TV

Bank of America CEO Brian Moynihan speaks on Bloomberg TV

Bank of America CEO Brian Moynihan recently spoke on Bloomberg TV, providing insights into the bank's second-quarter performance and its plans to enter the stablecoin market. According to Moynihan, the bank's traders posted a record second quarter, with trading loan revenue beating expectations. Revenue from fixed income, currencies, and commodities trading jumped 19% to $3.25 billion, while equity trading rose 9.6% to $2.13 billion [1].

Moynihan highlighted that the bank's net interest income (NII) rose 7.1% to $14.7 billion, surpassing analysts' expectations of a 6.5% increase. He noted that consumers remained resilient, with healthy spending and asset quality, and commercial borrower utilization rates rising. The bank's overall profit for the second quarter rose, with net income up 3.2% to $7.12 billion, more than the $6.56 billion predicted by analysts [1].

The CEO also touched on the bank's investment-banking activities, which saw a 7% decline from a year earlier but still fared better than analysts expected. He mentioned that the bank is expecting a further improvement in investment-banking activity in the second half of the year [1].

Moynihan also discussed Bank of America's plans to launch a stablecoin. He stated that the bank is working on launching a stablecoin and expects to move forward with it, although he did not provide a timeline. The stablecoin is expected to be launched in partnership with other players, and the bank is currently trying to understand client demand [2].

The bank's stablecoin plans come amidst a growing interest in stablecoins and cryptocurrencies in general. U.S. President Donald Trump has promised to be the "crypto president," and a series of crypto industry-friendly bills are expected to progress through Congress this week, paving the way for digital assets to further integrate into traditional finance [2].

Moynihan's comments on Bloomberg TV provide a glimpse into Bank of America's strong financial performance and its strategic moves to enter the cryptocurrency market. The bank's results and plans highlight the resilience of its businesses and its ability to adapt to changing market conditions.

References:
[1] https://www.bloomberg.com/news/articles/2025-07-16/bofa-tops-estimates-as-trading-loan-revenue-beat-expectations
[2] https://finance.yahoo.com/news/bank-america-expects-launch-stablecoins-145752358.html