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.
Gerard Cassidy, RBC Capital Markets analyst, joins 'Squawk on the Street' to discuss the latest bank earnings results.
Jason Goldberg, Barclays senior equity analyst, joins 'Squawk Box' to preview Q4 earnings seasons from big banks, state of the banking industry, and more.
Bank of America (BAC) is scheduled to post its fourth-quarter earnings report before the opening bell Thursday, with analysts expecting rising revenue and profits.
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