Bank of America Tops Estimates With Q4 Profit of $7.6 Billion
Lower provisions for credit losses point to a slightly improving risk picture.
Overview
- Net income reached $7.6 billion, rising about 11–12% from $6.8 billion a year earlier.
- Diluted earnings per share came in at $0.98, beating the $0.96 projection from analysts surveyed by FactSet.
- Revenue grew 7% year over year to $28.4 billion, topping the $27.76 billion FactSet consensus.
- Provisions for potential credit losses declined to $1.3 billion from $1.5 billion in the prior-year quarter.
- The company also reported EPS up 18% from $0.83 in the fourth quarter of 2024, according to results cited by Valor Econômico.