Bank of America reported robust earnings for Q4 2024, outperforming estimates with a huge increase in net income.

Bank of America shares rose in premarket trading Thursday as the bank's fourth-quarter results beat analysts' estimates.

Bank of America (NYSE: BAC) Q4 2024 Earnings Call Jan 16, 2025, 11:00 a.m. ET

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. Revenue,

Bank of America is scheduled to post its fourth-quarter earnings report before the opening bell Thursday, with analysts expecting rising revenue and profits.

Bank of America Corp (BAC) reports robust net income and revenue growth, while navigating increased expenses and regulatory challenges.

Bank of America (BofA) exceeded expectations in its Q4 2024 earnings, driving shares up 2% in premarket trading. The bank reported earnings per share (EPS) of 82 cents, outperforming the 77-cent consensus estimate.

Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.

Wells Fargo & Co. (NYSE: WFC), Bank of America Corp. (NYSE: BAC) and Truist Financial Corp. (NYSE: TFC) are scheduled to release their fourth-quarter 2024 earnings on Jan. 15, Jan. 16 and Jan. 17, respectively.