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Bank of America Joins Rivals in Topping Q4 Estimates

The Bank of America logo is seen in white text on the side of a building above doors and an exit sign.

Michael Nagle / Bloomberg via Getty Images

Bank of America (BAC) shares rose in premarket trading Thursday as the bank's fourth-quarter results beat analysts' estimate🌱s.

The firm reported $6.67 billion in 澳洲幸运5开奖号码历史查询:net income on $25.35 billion in revenue. Analysts polled by Visible Alpha expected $6.32 billion and $25.02 billion, respectively. Bank of America's 澳洲幸运5开奖号码历史查询:net interest income came in at $14.36 bi♒llion, just above the $14.18 billion consensus.

The company also topped estimates in each of its first three quarters of the year.

Bank of America shares rose 1.5% following the report. They had been up more than 45% in the last 12 months through Wednesday's close.

"We finished 2024 with a strong fourth quarter," Bank of America CEO Brian Moynihan said. "Every source of revenue increased, and we saw better than industry growth i🦂n deposits and loans."

"We believe this broad momentum sets up 2025 very well for Bank of America," Moynihan added.

Banking Rivals Beat Q4 Estimates Wednesday

The report comes a day after rivals 澳洲幸运5开奖号码历史查询:JPMorgan Chase (JPM), 澳洲幸运5开奖号码历史查询:Wells Fargo (WFC), 澳洲幸运5开奖号码历史查询:Citigroup (C), and 澳洲幸运5开奖号码历史查询:Goldman Sachs (GS) largely beat estimates in their own fourth-quarter reports Wednesday.

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