About the Author and Publisher - Oliver Haill has been writing about companies and markets since the early 2000s, with a focus on AIM companies and small caps before transitioning to roles as a section editor and head of research [1] - Proactive provides fast, accessible, and actionable business and finance news content to a global investment audience, produced independently by experienced and qualified news journalists [2] - The company has bureaus and studios in key finance hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Expertise and Coverage - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The team delivers news and unique insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Use of Technology - Proactive is a forward-looking and enthusiastic adopter of technology, equipping its human content creators with decades of expertise and experience [4] - The company occasionally uses automation and software tools, including generative AI, but all content is edited and authored by humans in line with best practices for content production and SEO [5]

Today’s pre-market is rife with economic data. Even though yesterday’s Consumer Price Index (CPI) carried as much impact by itself as these numbers together might expect to, they’re still worth giving our attention. The Dow is -147 points lower at this moment ahead of the open, while the S&P 500 is +7 and the Nasdaq +74 points.Weekly Jobless Claims Remain CoolNow that we’re pulling Weekly Jobless Claims data from the holiday shopping season — which pulled additional temporary retail and warehouse jobs that ...

Financial Highlights - Bank of America's revenue, net of interest expense, reached $101.9 billion in 2024[2] - The company's net income for 2024 was $27.1 billion[2] - Earnings per share (EPS) for 2024 stood at $3.21[2] - The return on average common equity was 9.5%[2] and return on average tangible common equity was 12.9%[2] - Average deposits increased 2% year-over-year to $1.97 trillion[2] - The Common Equity Tier 1 (CET1) ratio was 11.9%, exceeding the regulatory minimum of 10.7%[2, 3] - Average Global Liquidity Sources (GLS) amounted to $953 billion[2] Q4 2024 Performance - Net income for 4Q24 was $6.7 billion, with diluted earnings per share at $0.82[17, 21] - Revenue, net of interest expense, for 4Q24 was $25.3 billion, a 15% increase compared to 4Q23[17, 21] - Net interest income (NII) for 4Q24 was $14.4 billion, a 3% increase from 4Q23[21] - Noninterest expense for 4Q24 was $16.8 billion, a 5% decrease compared to 4Q23[17, 21] Business Segment Growth - Consumer Banking added approximately 1.1 million net new checking accounts in 2024[7] - Global Wealth & Investment Management (GWIM) client balances reached a record $4.3 trillion, up 12% year-over-year[7] - Global Banking investment banking fees grew 31% year-over-year to $6.2 billion[8] - Global Markets average loan balances in 4Q24 were a record $152 billion, up 14% year-over-year[8]

Earnings and Revenue Performance - Bank of America Corp reported better-than-expected Q4 earnings with profits of $6 67 billion or 82 cents per share more than doubling from the same quarter a year ago [1] - The company provided upbeat 2025 guidance which has been positively received by investors [1] Stock Performance - BAC stock was down 0 8% to $46 74 paring earlier gains despite a 2 9% jump the previous day marking its largest single-session gain since November [2] - The stock has risen 6 6% since the start of the month and is up 47 3% year-over-year [2] Options Trading Activity - BAC has seen 82 000 calls exchanged double the typical amount compared to 35 000 puts with the January 47 50 call being the most popular [3] - The 10-day call/put volume ratio of 1 89 at ISE CBOE and PHLX ranks higher than 86% of readings from the past year indicating unusually high call activity [4]

Bank of America’s (BAC) fourth-quarter 2024 earnings of 82 cents per share surpassed the Zacks Consensus Estimate of 77 cents. The bottom line compared favorably with adjusted earnings of 70 cents in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Behind BAC’s Headline NumbersTotal investment banking (IB) fees (in the Global Banking division) of $985 million surged 43% year over year, driven by growth in underwriting income and advisory services revenues. Simi ...

Earnings and Revenue Performance - Bank of America reported $25.35 billion in revenue for Q4 2024, a 15.4% YoY increase [1] - EPS for the quarter was $0.82, compared to $0.70 a year ago [1] - Revenue exceeded Zacks Consensus Estimate of $25.13 billion by 0.88% [1] - EPS surpassed consensus estimate of $0.77 by 6.49% [1] Key Metrics Analysis - Net interest income/yield on earning assets: 2% vs 1.9% estimate [4] - Book value per share: $35.79 vs $35.58 estimate [4] - Efficiency Ratio (FTE basis): 65.8% vs 62.4% estimate [4] - Net charge-off / Average Loans: 0.5% vs 0.6% estimate [4] - Total earning assets: $2,928.73 billion vs $2,948.29 billion estimate [4] - Total nonperforming loans: $6.12 billion vs $6.45 billion estimate [4] - Tier 1 Capital Ratio: 13.2% vs 13% estimate [4] - Tier 1 Leverage Ratio: 6.9% vs 6.8% estimate [4] - Net Interest Income (FTE basis): $14.51 billion vs $14.35 billion estimate [4] - Total Noninterest Income: $10.99 billion vs $11.01 billion estimate [4] - Service charges: $1.55 billion vs $1.51 billion estimate [4] Stock Performance and Market Position - Bank of America shares returned +8.3% over the past month [3] - Zacks S&P 500 composite showed -1.6% change during the same period [3] - The stock currently has a Zacks Rank 3 (Hold) [3]

Earnings Performance - Bank of America reported quarterly earnings of $0 82 per share, beating the Zacks Consensus Estimate of $0 77 per share, representing a 6 49% earnings surprise [1] - The company's earnings per share (EPS) increased from $0 70 per share a year ago, adjusted for non-recurring items [1] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates [2] Revenue Growth - Bank of America posted revenues of $25 35 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0 88% [2] - This represents a significant increase from year-ago revenues of $21 96 billion [2] - The company has topped consensus revenue estimates in each of the last four quarters [2] Stock Performance - Bank of America shares have gained approximately 7 2% since the beginning of the year, outperforming the S&P 500's gain of 1 2% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0 85 on $26 6 billion in revenues [7] - For the current fiscal year, the consensus EPS estimate is $3 66 on $106 77 billion in revenues [7] - The company's earnings outlook, including any changes in consensus expectations, will be a key factor for investors [4] Industry Context - Bank of America operates in the Zacks Financial - Investment Bank industry, which is currently ranked in the top 6% of over 250 Zacks industries [8] - The top 50% of Zacks-ranked industries historically outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - Piper Sandler Companies (PIPR), another company in the same industry, is expected to report quarterly earnings of $3 62 per share, representing a year-over-year decline of 10 2% [9] - Piper Sandler Companies' revenues are expected to be $435 17 million, down 7 8% from the year-ago quarter [9] - The consensus EPS estimate for Piper Sandler Companies has remained unchanged over the last 30 days [9]

Bank of America reported robust earnings for Q4 2024, outperforming estimates with a huge increase in net income.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. Revenue was a strong $25.3 billion, slightly above expectations of $25.1 billion. This performance marks a pivotal quarter, demonstrating significant financial growth and robust earnings despit ...

Bank of America (BAC) shares rose in premarket trading Thursday as the bank's fourth-quarter results beat analysts' estimates. The firm reported $6.67 billion in 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 net interest income came in at $14.36 billion, 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 ...

Core Viewpoint - Bank of America reported its fourth quarter 2024 financial results, with details available on its Investor Relations website [1] Group 1: Financial Results - The financial results will be discussed in an investor conference call led by CEO Brian Moynihan and CFO Alastair Borthwick [2] - Investors can access live audio of the conference call and view presentation slides on the company's Investor Relations website [3] - Replays of the investor conference call will be available from noon on January 16 through 11:59 p.m. ET on January 26 [4] Group 2: Company Overview - Bank of America is a leading financial institution serving approximately 69 million consumer and small business clients with 3,700 retail financial centers and around 15,000 ATMs [5] - The company has approximately 58 million verified digital users and is a global leader in wealth management, corporate and investment banking [5] - Bank of America operates in the United States and over 35 countries, providing a full range of banking, investing, asset management, and risk management products and services [5]