The earnings call for Bank of America Q4 2024 was predominantly positive, highlighting strong revenue growth, record sales and trading performance, and consistent deposit and loan growth. However, there were some challenges, such as increased expenses and regulatory compliance issues. Overall, the company is positioned well for growth in 2025.

Company Guidance

During Bank of America's Q4 2024 earnings call, the executives provided a comprehensive overview of the company's financial performance and outlook. The bank reported a net income of $6.7 billion, equating to $0.82 in earnings per share (EPS) for the quarter, contributing to a full-year net income of $27.1 billion and an EPS of $3.21. Revenue for the year reached $102 billion, with a return on assets of 83 basis points and a 13% return on tangible common equity. The balance sheet remained robust, ending the year with $953 billion in liquidity and $201 billion in regulatory CET1 capital, resulting in a CET1 ratio of 11.9%. The bank observed growth in net interest income (NII), which increased to $14.5 billion for the quarter on a fully taxable equivalent basis, with expectations to achieve record NII in 2025. Deposit growth continued for the sixth consecutive quarter, while loan demand showed a positive trend. Investment banking fees surged by 44% year-over-year, and sales and trading revenue set a new record, contributing to a full-year total of nearly $19 billion. The call highlighted the bank's continued focus on responsible growth, digital engagement, and capital returns to shareholders, with $21 billion returned in 2024, including an 8% dividend increase.

Strong Revenue Growth

Bank of America reported $25.5 billion in revenue for Q4 2024, up 15% year-over-year. Excluding a one-time charge, revenue grew by 8%.

Record Sales and Trading Revenue

Sales and trading revenue reached a fourth-quarter record of $4.1 billion, marking 11 consecutive quarters of year-over-year growth.

Positive Deposit and Loan Growth

Deposits grew for the sixth consecutive quarter, with consumer banking deposits increasing by $4 billion from the third quarter. Loans also showed growth, with commercial loans up 5% year-over-year.

Improving Net Interest Income (NII)

NII increased for the second consecutive quarter, with a Q4 total of $14.5 billion, up from a trough of $13.9 billion in Q2 2024. The bank expects NII to grow 6-7% in 2025.

Wealth Management Success

Wealth Management added 24,000 new households in 2024, with total client balances reaching $6 trillion. Asset management fees grew by 23% year-over-year.

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Bank of America (GB:0Q16) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0Q16 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2018	2018 (Q3)	- / 0.66	0.48	37.50% (+0.18)	―	―
Jan 16, 2019	2018 (Q4)	- / 0.70	0.47	48.94% (+0.23)	―	―
Apr 16, 2019	2019 (Q1)	- / 0.70	0.62	12.90% (+0.08)	―	―
Jul 17, 2019	2019 (Q2)	- / 0.74	0.63	17.46% (+0.11)	―	―
Oct 16, 2019	2019 (Q3)	- / 0.56	0.66	-15.15% (-0.10)	―	―
Jan 15, 2020	2019 (Q4)	- / 0.74	0.7	5.71% (+0.04)	―	―
Apr 15, 2020	2020 (Q1)	- / 0.40	0.7	-42.86% (-0.30)	―	―
Jul 16, 2020	2020 (Q2)	- / 0.37	0.74	-50.00% (-0.37)	―	―
Oct 14, 2020	2020 (Q3)	- / 0.51	0.56	-8.93% (-0.05)	―	―
Jan 19, 2021	2020 (Q4)	- / 0.59	0.74	-20.27% (-0.15)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0Q16 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 16, 2025	$47.10	$46.75	-0.74%
Oct 15, 2024	$41.80	$42.47	+1.61%
Jul 16, 2024	$41.50	$43.28	+4.29%
Apr 16, 2024	$35.52	$33.93	-4.49%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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