Bank of America Beats Forecasts in Q4

Banking giant Bank of America (NYSE:BAC) 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 despite a competitive environment.

Notable achievements include year-over-year net income growth of 116% to reach $6.7 billion.

Source: Bank of America. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.

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Source Fool.com