In the final quarter of 2024, the nation's second-largest bank saw its revenue and earnings per share grow beyond Wall Street's estimates.

Bank of America reported robust earnings for Q4 2024, outperforming estimates with a huge increase in net income.

Key Takeaways Bank of America is set to report fourth-quarter earnings before the opening bell Thursday.The bank is expected to post higher revenue and profits from the same time last year.The results come after Bank of America beat estimates in the first three quarters of 2024 as its wealth management and investment banking divisions grew.

Bank of America on Thursday announced profits more than doubled in the fourth quarter, surging to $6.7 billion from $3.1 billion in the same period last year - another in a wave of favorable reports from the nation's biggest banks. The 111% increase in earnings buoyed its full-year profits to $27.1 billion.

Bank of America is out with its fourth-quarter results. Like its big peers, its Wall Street businesses drove a surge in profit. Here are the highlights: Profit more than doubled to $6.67 billion. That amounted to $0.

Bank of America (BAC) shares rose in premarket trading Thursday as the bank's fourth-quarter results beat analysts' estimates. The firm reported $6.67 billion in net income on $25.35 billion in revenue.

Bank of America is expected to benefit from a boost in investment banking and trading activity in the fourth quarter. Last month, CEO Brian Moynihan told investors that his firm would hit guidance for NII of about $14.