Radiocor News

Bank of America Q4 diluted EPS 0.82 usd vs 0.35

(Il Sole 24 Ore Radiocor) - Milano, 16 gen -Bank of America said its net profit in the fourth quarter more than doubled, to 6.7 billion dollars from 3.1 billion in the fourth quarter of 2023, as diluted earnings per share jumped to 0.82 dollars from 0.35 dollars.

Revenue, net of interest expenses, was up 15% at 25.3 billion dollars, driven mainly by higher asset management and investment banking fees, and sales and trading revenue.

Net interest income rose by 3% to 14.4 billion dollars.

'We finished 2024 with a strong fourth quarter," said Brian Moynihan, chair and CEO. "Every source of revenue increased, and we saw better than industry growth in deposits and loans.

We also ended with strong capital and liquidity, enabling us to return 21 billion dollars of capital to shareholders in 2024. We believe this broad momentum sets up 2025 very well.

for Bank of America."

(RADIOCOR) 16-01-25 13:07:31 (0378) 5 NNNN

 


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