Bank of America’s fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from the previous year. This impressive growth was driven by a 15% increase in revenue to $25.5 billion, fueled by rising fees from investment banking and asset management, as well as stronger trading results. Investment banking fees surged by 44% to $1.65 billion, exceeding analyst expectations by about $180 million. Net interest income, a key metric for the bank, rose 3% to $14.5 billion, surpassing estimates by approximately $170 million. Despite this, trading operations did not significantly outperform expectations, with fixed income revenue up 13% to $2.48 billion and equities revenue up 6% to $1.64 billion, both aligning with forecasts.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
