Bank of America profit rises on investment banking boost
ReutersJan 16, 2025 11:50 AM
Jan 16 (Reuters) - Bank of America BAC.N reported higher profit on Thursday as its investment bankers capitalized on resurgence in dealmaking in the fourth quarter.
The second-largest U.S. lender's net income rose to $6.7 billion, or 82 cents per share, it said on Thursday. That compares with $3.1 billion, or 35 cents per share, a year earlier.
(Reporting by Arasu Kannagi Basil in Bengaluru and Saeed Azhar in New York, Editing by Lananh Nguyen and Anil D'Silva)
((ArasuKannagi.Basil@thomsonreuters.com;))
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