CNBC’s Leslie Picker with Bank of America CEO Brian Moynihan, join 'The Exchange' to discuss the banks quarterly results, Fed independence and his interest rate outlook.

Bank of America notched up better than expected profits in the second quarter as the US lender expanded its deposit base and loan book and benefited from robust Wall Street trading activity.

Bank of America reported second-quarter results that saw revenue from fixed income, currencies, and commodities trading jump 19% to $3.25 billion as the company reaped the benefits of volatile markets and net interest income topped analysts' estimates.

Discover key insights from Bank of America's Q2 2025 earnings! Learn about record NII, robust growth, AI innovation, and efficient cost management.

Bank of America is working on launching a stablecoin, and investors can expect the lender to move forward with the cryptocurrency, CEO Brian Moynihan said on Wednesday, without giving a timeline. Stablecoins,

The company deployed automated coding tools to its 17,000 software developers, CEO Brian Moynihan said Wednesday.

Cash levels dropped to 3.9% from 4.2%, triggering a sell signal on BofA’s proprietary trading model. This is the second sell signal prompted in the last week by BofA trading rules, after inflows to global equity and high-yield bonds exceeded 1% of assets under management over a four-week period.