Bank of America Corporation (NYSE: BAC) reported its fourth quarter 2024 earnings results today.
Revenue, net of interest expense, was $25.3 billion, up 15% year-over-year.
Net income was $6.7 billion, or $0.82 per share, compared to $3.1 billion, or $0.35 per share, last year.
Revenue and earnings surpassed projections.
Net interest income (NII) was $14.4 billion, up 3% from last year. Non-interest income was $10.9 billion, up 36% YoY. Non-interest expense of $16.8 billion was down 5% YoY.
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The company returned $5.5 billion to shareholders through $2 billion in dividends and $3.5 billion in share repurchases.
Prior performance
