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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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CEOs show signs of confidence in dealmaking, says Bank of America's CFO

"We're entering 2025 with good momentum," says Alastair Borthwick.

2 months ago·New York, United States

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Thierry Breton to join Bank of America's international advisory board

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....

2 months ago·Brussels, Belgium

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Crude Oil Down 1%; Bank of America Posts Upbeat Earnings - Bank of America (NYSE:BAC), Atara Biotherapeutics (NASDAQ:ATRA)

2 months ago·New York, United States

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Bank of America investment bankers boost earnings as loan income rises

Bank of America Corp. posted fourth-quarter profit that topped analysts’ estimates as investment-banking fees hit the highest in three years and net interest income outperformed forecasts.

2 months ago·Canada

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BofA keeps the bank-earnings hit parade rolling

The bank also expects the second half of 2025 to be stronger than the first six months of the year....

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Bank of America sees revenue rise across the board in upbeat sign for year ahead

Bank of America CEO Brian Moynihan said the bank turned in a “strong” fourth quarter, CEO says.

2 months ago·United States

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Portfolio.hu broke the news in 2 months ago on Thursday, January 16, 2025.

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