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Bank of America ( (BAC) ) just unveiled an update.
In its report for the fourth quarter and full year of 2024, Bank of America announced a robust financial performance with net income reaching $6.7 billion and earnings per share at $0.82 for the fourth quarter. The company reported a total revenue of $25.3 billion for the quarter, up 15% from the previous year, driven by increased asset management, investment banking fees, and sales and trading revenue. The company also highlighted a strong liquidity and capital position, enabling it to return $21 billion to shareholders over the year, positioning itself favorably for 2025.
More about Bank of America
Bank of America is a leading financial institution that provides a wide range of banking, investment, and financial services for individual consumers, small and middle-market businesses, large corporations, and governments. It operates through various segments, including Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets, with a focus on both domestic and international markets.
YTD Price Performance: 6.34%
Average Trading Volume: 34,124,118
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $351.3B
Learn more about BAC stock on TipRanks’ Stock Analysis page.
