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Bank of America Corp (NYSE:BAC) reported a fourth-quarter fiscal 2024 net income of $6.7 billion (versus $3.1 billion a year ago) and EPS of $0.82, beating the analyst consensus estimate of $0.77.
Image source: The Motley Fool. Bank of America (NYSE: BAC) Q4 2024 Earnings Call Jan 16, 2025, 11:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
Bank of America (BAC) delivered earnings and revenue surprises of 2.53% and 3.84%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
BAC earnings call for the period ending September 30, 2024.
Strong IB performance, rise in loan demand and reserve releases support BofA's (BAC) Q4 results, while low-interest rates, higher costs and dismal trading performance were the undermining factors.
The reported results were $0.35 per share above the consensus earnings estimate of $2.34 per share. A number of analysts had indicated in the days and weeks leading up to its earnings release that they expected the company to beat estimates and the Earnings Whisper (R) number was $2.70 per share.
Higher rates, solid loan demand and impressive trading business performance support BofA's (BAC) Q3 earnings amid dismal IB performance and higher provisions on worsening macroeconomic outlook.
Shares of Bank of America (NYSE:BAC) moved lower by 2% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share fell 32.00% year over year to $0.51, which ...