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Bank of America Reports $941M Q4 Profit Surge

1/17/2025

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Summary

Story summary

Bank of America achieved a net income of $941 million in Q4 2024, a significant rise from $636 million in Q4 2023.
Global Markets revenue surged to $4.8 billion, marking an 18% year-on-year growth.
Sales and trading revenue climbed to $4.1 billion, with FICC revenue increasing by 19% to $2.5 billion.
Total net income for the quarter reached $6.7 billion, up from $3.1 billion last year.
Net interest income rose to $14.4 billion, fueled by Global Markets activity and loan growth.

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Story summary

Bank of America achieved a net income of $941 million in Q4 2024, a significant rise from $636 million in Q4 2023.
Global Markets revenue surged to $4.8 billion, marking an 18% year-on-year growth.
Sales and trading revenue climbed to $4.1 billion, with FICC revenue increasing by 19% to $2.5 billion.
Total net income for the quarter reached $6.7 billion, up from $3.1 billion last year.
Net interest income rose to $14.4 billion, fueled by Global Markets activity and loan growth.