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US banking giant Bank of America outperforms expectations in Q4
Bank of America exceeded fourth quarter earnings and revenue expectations, with trading strength offsetting interest income pressure and lifting investor sentiment.
Wall Street major Bank of America delivered a stronger than expected fourth quarter performance, reporting earnings of 98 cents per share on revenue of $28.53 billion. Both figures exceeded analyst forecasts, supported by improved trading and investment banking activity. While net interest income remained under pressure from funding costs, overall performance reassured investors. Shares rose over 1%, reflecting confidence in earnings stability despite rate uncertainty.