China’s Growth Faces Structural Challenges Amid Doubts Over Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Bank of America Clients Pour $1.1B into US Equities Amid Sector Shifts 
Cleveland Fed President Warns of Ongoing Inflation Challenge 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Wall Street Rebounds as Investors Eye Tariff Uncertainty, Jobs Report 
Asian Tech Stocks Surge Amid OpenAI’s $500 Billion AI Partnership 
Infosys Shares Drop Amid Earnings Quality Concerns 
How the UK’s rollback of banking regulations could risk another financial crisis 
Tech Stocks Rally in Asia-Pacific as Dollar Remains Resilient 
SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
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.
