Financial institution of America Company (NYSE: BAC) reported its fourth quarter 2024 earnings outcomes right this moment.
Income, web of curiosity expense, was $25.3 billion, up 15% year-over-year.
Internet revenue was $6.7 billion, or $0.82 per share, in comparison with $3.1 billion, or $0.35 per share, final 12 months.
Income and earnings surpassed projections.
Internet curiosity revenue (NII) was $14.4 billion, up 3% from final 12 months. Non-interest revenue was $10.9 billion, up 36% YoY. Non-interest expense of $16.8 billion was down 5% YoY.
The corporate returned $5.5 billion to shareholders by means of $2 billion in dividends and $3.5 billion in share repurchases.
Prior efficiency
