UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Cleveland Fed President Warns of Ongoing Inflation Challenge 
Wall Street Rebounds as Investors Eye Tariff Uncertainty, Jobs Report 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Fed Governor Hints at Potential Rate Cuts Amid Positive Inflation Trends 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Rupee Marginally Weaker Amid Dollar Demand and RBI Intervention 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
U.S. Stock Futures Rise as Trump Takes Office, Corporate Earnings Awaited 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Insignia Financial Shares Hit 3-Year High Amid Bain and CC Capital Bidding War 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Wall Street Banks Plan to Sell $3 Billion of Elon Musk’s X Debt 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 
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.
Total revenue, net of interest expenses, reached $25.3 billion, slightly ahead of the projected $25.13 billion. Net interest income (NII) stood at $14.36 billion, surpassing analysts’ forecasts of $14.12 billion. On a fully taxable equivalent (FTE) basis, NII reached $14.51 billion, topping the $14.34 billion projection.
Key performance metrics also outshined expectations. The return on average equity hit 9.37%, above the forecasted 8.75%, while the return on average assets was 0.8%, exceeding the 0.74% estimate. Additionally, the return on average tangible common equity reached 12.6%, beating the 11.9% forecast.
BofA’s CEO Brian Moynihan highlighted the bank's strong finish to 2024, noting growth in deposits and loans alongside increases in all revenue sources. He emphasized the bank's robust capital and liquidity position, which enabled $21 billion in shareholder returns during the year. Moynihan expressed confidence in the bank's momentum heading into 2025.
With better-than-expected results and strong financial metrics, Bank of America continues to demonstrate its resilience and growth potential, cementing its position as a key player in the financial sector.
