Bank of America Corp (NYSE:BAC) shares reported fourth-quarter revenue and earnings that both beat Wall Street estimates. Chair and CEO Brian Moynihan said the year finished with a strong fourth quarter as every source of revenue increased, and growth in deposits and loans was better than the wider banking industry.
Initial Claims Come in Warmer Than Expected.
Bank of America stock is trading lower Wednesday after the financial firm reported earnings but Wall Street isn't worried. Here's why.
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.