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Bank of America said its investment banking fees jumped 44% to $1.7 billion in the fourth quarter, compared with a year earlier

Bank of America profit jumps on investment banking

Bank of America has today reported higher profit as its investment bankers capitalised on resurgence in dealmaking in the fourth quarter while the lender predicted it would earn more interest income in 2025.

Business • 16 Jan

Bank of America said it took $3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index

Bank of America profit falls on $3.7 billion in charges

Bank of America's fourth-quarter profit shrank as the lender took $3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index.

Business • 12 Jan 24

Brian Moynihan, Bank of America CEO is attendind the Davos gathering this week

US consumers in 'good shape' - Bank of America CEO

US consumers are still in "pretty good shape," even as the Federal Reserve raises interest rates to tame inflation, Bank of America CEO Brian Moynihan said during the World Economic Forum's annual meeting.

Business • 18 Jan 23

JPMorgan Chase & Co chief executive Jamie Dimon

US banks warn of recession as inflation hurts consumers

The biggest US banks are bracing for a worsening economy next year as inflation threatens consumer demand, according to executives.

Business • 07 Dec 22

Bank of America is the second-largest US bank by assets

Bank of America beats profit estimates on lending gains

Bank of America, the second-largest US bank by assets, beat analysts' estimates for quarterly profit as gains from trading in stocks and robust loan growth helped cushion it from lower interest rates.

Business • 16 Oct 19

Bank of America has benefited from US President Donald Trump's tax cuts and a rise in interest rates

Bank of America profit beats estimates on cost cuts

Bank of America has today reported a better-than-expected rise in quarterly profit as the second-largest US lender reined in costs, while higher interest rates and loan growth helped offset lower bond trading revenue.

Business • 15 Oct 18

Bank of America is the second-largest lender in the US

Bank of America's profit beats estimates on loan growth

Bank of America today reported quarterly profit above Wall Street expectations as the second-largest US lender kept a tight leash on expenses and benefited from growth in loans and deposits.

Business • 16 Jul 18

Bank of America enjoyed a lift from higher interest rates

Higher rates, loans lift Bank of America profits

Bank of America today reported a 34% rise in first-quarter profit, topping Wall Street estimates, as the lender benefited from higher interest rates and growth in loans and deposits.

Business • 16 Apr 18

Brian Moynihan