Bank of America Set to Report Q4 Earnings

Bank of America is scheduled to report its fourth-quarter earnings on January 16, with analysts expecting robust revenue and profit growth compared to last year. Projections suggest net revenue of approximately $25.09 billion and earnings per share of 77 cents, reflecting a significant increase from 35 cents a year ago. The bank has seen a strong performance throughout 2024, beating estimates in its first three quarters, driven largely by growth in its wealth management and investment banking sectors. In light of softer-than-expected December Producer Price Index data, investors are optimistic about reduced inflationary pressures, which could lessen the need for aggressive interest rate hikes by the Federal Reserve, benefiting Bank of America's loan demand. Analysts remain bullish on the stock, with many rating it a