Key Takeaways
- Bank of America is set to report fourth-quarter earnings before the opening bell Thursday.
- The bank is expected to post higher revenue and profits from the same time last year.
- The results come after Bank of America beat estimates in the first three quarters of 2024 as its wealth management and investment banking divisions grew.
Bank of America (BAC) is scheduled to post its fourth-quarter earnings report before the opening bell Thursday, with analysts expecting rising revenue and profits.
Analysts like the bank's stock, with 11 of the 12 analysts tracked by Visible Alpha giving it a "buy" or equivalent rating, with just one 澳洲幸运5开奖号码历史查询:"hold" rating. Their average 澳洲幸运5开奖号码历史查询:price target of about $52 suggests a nearly 16% premium from the stock's clo🧜sing price Monday.
Bank of America is expected to report 澳洲幸运5开奖号码历史查询:net interest income of $14.18 billion for the final quarter of 2024, with revenue projected to come in at $24.95 billion, showing year-over-year growth.
Meanwhile, 澳洲幸运5开奖号码历史查询:net income is projected to come in at $6.28 billion, nearly doubling from the year before, when Bank of America and 澳洲幸运5开奖号码历史查询:other big banks recorded billions of dollars in expenses related to a 澳洲幸运5开奖号码历史查询:special assessment from the 澳洲幸运5开奖号ꦦ码历史查询:Federal Deposit Insurance Corporation.
The results come after Bank of America 澳洲幸运5开奖号码历史查询:beat estimates in each of its 澳洲幸运5开奖号码历史查询:first three quarters of the year, as its wealth management and investment 澳洲幸运5开奖号码历史查询:banking divisions grew.
Bank of America shares have gained more than 37% in the past 12 months, at $45.06 as of Monday's close.