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Bank of America tops estimates on better-than-expected investment banking, interest income

  • Bank of America reported higher profit due to increased investment banking and interest income, predicting more earnings in 2025.
  • The bank's investment banking fees surged 44% to $1.7 billion in the fourth quarter compared to the previous year.
  • Bank of America's net income rose to $6.7 billion, up from $3.1 billion a year earlier, with a 30.5% stock gain in 2024.
  • CEO Brian Moynihan stated, 'Every source of revenue increased,' indicating strong momentum for 2025.
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