From Financial Modeling Prep: 2025-01-19 05:56:30

Bank of America (BofA) is rewarding its global workforce with stock awards for the eighth year, totaling over $1 billion. The bank reported record financial results in 2024, with revenue exceeding $100 billion and net profit reaching $27.1 billion.

CEO Brian Moynihan highlighted gains in all revenue sources and better-than-industry growth in deposits and loans. Earnings in the fourth quarter exceeded expectations, positioning the bank for sustained growth in 2025. Wall Street leaders anticipate a supportive economic and regulatory environment under the new U.S. administration.

Global deal volumes are projected to surpass $4 trillion in 2025, benefiting banks like BofA. The Full Financials API provides comprehensive financial statements for BofA and peer institutions, along with trends in revenue sources crucial for understanding the sector’s growth trajectory.



Read more at Financial Modeling Prep:: Bank of America to Award Stock to Employees Amid Robust 2024 Performance