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Bank of America tops estimates on better-than-expected investment banking, interest income
- Bank of America reported higher profit due to increased investment banking and interest income, predicting more earnings in 2025.
- The bank's investment banking fees surged 44% to $1.7 billion in the fourth quarter compared to the previous year.
- Bank of America's net income rose to $6.7 billion, up from $3.1 billion a year earlier, with a 30.5% stock gain in 2024.
- CEO Brian Moynihan stated, 'Every source of revenue increased,' indicating strong momentum for 2025.
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Former European Commissioner Thierry Breton will join the international advisory board of Bank of America, a paid activity consisting of three days of meetings per year that has drawn criticism from an environmental MEP....
·Brussels, Belgium
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Coverage Details
Total News Sources28
Leaning Left1Leaning Right2Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
C 70%
R 20%
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