Bank of America Corp (NYSE:BAC) shares reported fourth-quarter revenue and earnings that both beat Wall Street estimates.
Chair and CEO Brian Moynihan said the year finished with a strong fourth quarter as every source of revenue increased, and growth in deposits and loans was better than the wider banking industry.
Strong capital and liquidity enabled the return of $21 billion of capital to shareholders in the year.
"We believe this broad momentum sets up 2025 very well for Bank of America," he said.
Earnings for the fourth quarter of $0.82 was more than double those from a year earlier, when two large one-off charges weighed, and also beat the $0.77 expected by analysts, per LSEG.
Revenue of $25.5 billion compared to the $25.19 billion average forecast.
BoA shares fell 1.8% on Thursday morning, along with some other US banks, as bond yields retreated from recent highs.