Bank of America Corporation (NYSE:BAC ) Q4 2024 Earnings Conference Call January 1, 2024 11:00 AM ET Company Participants Lee McEntire - Investor Relations Brian Moynihan - Chief Executive Officer Alastair Borthwick - Chief Financial Officer Conference Call Participants Steven Chubak - Wolfe Research John McDonald - Truist Securities Glenn Schorr - Evercore Erika Najarian - UBS Mike Mayo - Wells Fargo Securities Jim Mitchell - Seaport Global Securities Vivek Juneja - JPMorgan Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Betsy Graseck - Morgan Stanley Operator Good day, everyone, and welcome to today's Q4 Bank of America's Earnings Announcement. At this time, all participants are in a listen-only mode.
Bank of America's fourth quarter earnings, released Thursday (Jan. 16) indicated continued momentum in the digital shift that has now resulted in 61% of its consumer sales made through digital channels, up from 49% a year ago.
CNBC's Becky Quick speaks with Brian Moynihan, Bank of America chair and CEO, to discuss the bank's most recent earnings, when increased optimism about business under the new administration will yield results, and more.
U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining around 0.1% on Thursday.
Bank of America Corp. topped analysts' estimates for fourth-quarter profit as investment-banking fees hit the highest in three years and net interest income outperformed forecasts. Manus Cranny and Sonali Basak break down the numbers on Bloomberg Television.
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.