Bank of America Corp. posted fourth-quarter profit that topped analysts’ estimates as investment-banking fees hit the highest in three years and net interest income outperformed forecasts.

Bank of America (BAC) reported a strong Q4 with net income of $6.7B and EPS of $0.82, beating analyst estimates. Revenue was $25.35B, driven by asset management and investment banking fees.

Investment banking fees exploded 44% to $1.7 billion, pushing Bank of America up the ranks to #3 in the industry, thanks to a surge in deal activity. The Global Wealth and Investment Management division wasn't far behind,

Bank of America reported robust earnings for Q4 2024, outperforming estimates with a huge increase in net income.

Bank of America's Wall Street businesses drove a surge in profit last quarter, in common with peers. Here are the highlights: BofA's profit more than doubled to $6.67 billion. That amounted to $0.82 a

Bank of America is scheduled to post its fourth-quarter earnings report before the opening bell Thursday, with analysts expecting rising revenue and profits.

Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.

Bank of America Corp (NYSE:BAC) reported a fourth-quarter fiscal 2024 net income of $6.7 billion (versus $3.1 billion a year ago) and EPS of $0.82, beating the analyst consensus estimate of $0.77. Revenue,

Bank of America reported Thursday that net income applicable to common shareholders for the fourth quarter soared to $6.4 billion from $2.84 billion in the prior-year quarter. The provision for credit losses was $1.