Bank of America Reports Increased Net Income and EPS, Sales and Revenues Show Significant Growth
Bank of America Corporation reported a net income of $25.4 billion for the year ending December 31, 2024, up from $24.1 billion the previous year. Revenue increased to $98.7 billion from $95.6 billion, and earnings per share rose to $3.02 from $2.85. This reflects strong financial performance and growth in both net income and revenue, as the company continues to pursue strategic initiatives to enhance shareholder value.
Bank of America Corporation has released its financial results for the year ending December 31, 2024. The actual net income reported was $25.4 billion, showing an increase from $24.1 billion in the previous year. Revenue also saw an upward movement, reaching $98.7 billion compared to $95.6 billion last year. The earnings per share (EPS) for the period stood at $3.02, reflecting a rise from $2.85 in the prior year. These figures indicate a robust financial performance, with significant growth in both net income and revenue. The company continues to focus on its strategic initiatives to drive further growth and enhance shareholder value.
