Bank of America Corp (NYSE:BAC) is one of the latest bank giants to report quarterly results this week.
A robust IB & trading performance, NII growth and higher loan balance aid BAC's Q4 earnings, while the rise in adjusted expenses and provisions act as spoilsports.
While the top- and bottom-line numbers for Bank of America (BAC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Bank of America (BAC) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.70 per share a year ago.
Banking giant Bank of America (BAC 2.88%) reported fourth-quarter earnings on Thursday, Jan. 16, that outperformed Wall Street's expectations. EPS of $0.82 came in ahead of the consensus estimate of $0.77.
Bank of America (BAC) shares rose in premarket trading Thursday as the bank's fourth-quarter results beat analysts' estimates.
CNBC's Leslie Picker joins 'Squawk Box' to report on the company's quarterly earnings results.
Bank of America reported higher profit on Thursday as its investment bankers capitalized on resurgence in dealmaking in the fourth quarter.
Bank of America is expected to benefit from a boost in investment banking and trading activity in the fourth quarter. Last month, CEO Brian Moynihan told investors that his firm would hit guidance for NII of about $14.3 billion.
Despite the choppy price action in equities, it's too early for bulls to throw in the towel. Deescalating Middle East tensions, tamed inflation, and a washout in the number of new lows suggest the bull market has legs in 2025.
Big US banks had a great quarter. The four giant lenders that reported full-year results Wednesday notched their second-most profitable year ever in 2024, trailing only Joe Biden's first year as president.