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                                    What drove BAC's EPS growth in Q4 2024?
                                </h1> <div class="user_slot" data-v-0eba195e=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-0eba195e=""> <span class="user_desction" data-v-0eba195e="">
                                        
                                        3/28/2025 01:31pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">Bank of America's (BAC) EPS grew from $0.70 in Q4 2023 to $0.82 in Q4 2024, which is a 12.9% increase. This growth can be attributed to several key factors:

1. **Strong Investment Banking and Trading Revenues**: BAC's investment banking and trading revenues experienced significant increases, with underwriting income rising by 24.5% and sales and trading revenues growing by 11.7%. These segments contributed positively to the bank's overall performance and helped offset some of the decline in net interest income resulting from higher deposit costs.
2. **Growth in Assets Under Management**: The total deposit balances at BAC increased by 2.4% year-over-year, reaching $1.9 trillion. This growth in assets under management is a positive indicator, as it reflects continued growth in core banking operations and customer trust.

In summary, BAC's EPS growth in Q4 2024 was primarily driven by strong investment banking and trading revenues, along with growth in assets under management.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/stock-recommend-icon.77f1c78.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime powers your decisions</span></div> </div></div> </div> <div class="container-mask" style="display:none;"></div></div></div></div><script>window.__NUXT__=(function(a,b,c,d,e,f,g,h,i,j,k,l,m,n,o,p,q,r,s,t,u,v,w,x,y,z,A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,X,Y,Z,_,$,aa,ab,ac,ad,ae,af,ag,ah,ai,aj,ak,al,am,an,ao,ap){return {layout:"default",data:[{noData:c,currentQuestion:d,textDescription:G,comeFrom:"AInvestShareLink",events:[],answerSource:k}],fetch:{},error:l,state:{sharePreviewModule:{loadJgySuccess:m,dialogRenderList:[{originAnswer:{input_media_info:[],session_round:1,agent_id:a,output_media_info:[],task_id:a,language:a,source:k,cache_builder:a,reply_action:"Answer",execute_mode:A,event_refresh_answer:a,param:"{\"entity_info\":{},\"add_info\":{\"ori_question\":\"What drove BAC's EPS growth in Q4 2024?\"},\"event_list\":[],\"client_ip\":\"\",\"question\":\"What drove BAC's EPS growth in Q4 2024?\",\"user_id\":\"dp36775351\",\"user_name\":\"\",\"trace_id\":\"2bb09c92-871d-4585-abbe-6b020afabfb1\",\"session_id\":\"2bb09c92-871d-4585-abbe-6b020afabfb1\",\"source\":\"ths_ainvest_lite_web\",\"input_type\":\"typewrite\"}",agent_info:[{info_type:"search",raw_data:{number:t,title:H,summary:I,full_summary:"Valued at a market cap of $336.9 billion, Bank of America Corporation BAC is one of the largest financial holding companies in the U.S., serving individuals, businesses, and governments worldwide. Its diverse operations span Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets, offering a comprehensive suite of financial products and services. BAC is expected to release its fiscal Q4 earnings results on Friday, Jan. 10. Ahead of this event, analysts expect the nation's second-largest bank to report a profit of $0.79 per share, up 12.9% from $0.70 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in the last four quarters. BAC exceeded the consensus EPS estimate by 3.9% in the most recent quarter. For fiscal 2024, analysts expect BAC to report EPS of $3.27, down 4.4% from $3.42 in fiscal 2023. However, its EPS is projected to rebound with a growth of 12.2% year-over-year, reaching $3.67 in fiscal 2025. Bank of America has risen 30.1% over the past 52 weeks, outperforming the S&P 500 Index's ($SPX) 23.2% return and the Financial Select Sector SPDR Fund's (XLF) 28.2% increase over the same period. Shares of Bank of America recovered marginally on Oct. 15 due to its better-than-expected Q3 2024 earnings of $0.81 per share, which exceeded the consensus estimate. This performance was supported by strong capital markets results, particularly a 24.5% rise in underwriting income and an 11.7% increase in sales and trading revenues. Additionally, total deposit balances rose 2.4% year-over-year to $1.9 trillion, reflecting continued growth in core banking operations. Despite declining net interest income due to higher deposit costs, the positive momentum in investment banking and trading revenues boosted investor sentiment. Overall, analysts' consensus view on Bank of America stock is cautiously optimistic, with a \"Moderate Buy\" rating. 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drove BAC's EPS growth in Q4 2024?","progress\u002Fsearching_for",1000,"searching_for","other\u002FopenAnswer","2bb09c92-871d-4585-abbe-6b020afabfb1","llm_generated","ths_ainvest_lite_web",null,0,"ac87c9f9dadc59ba","thinking","📊 How did BAC's credit quality perform in Q4 2024?","📈 How did BAC's cost structure change in Q4 2024?","🌱 What was the impact of interest rates on BAC's net interest income in Q4 2024?","STR",3,"dp36775351","The user wants to analyze what drove BAC's EPS growth in Q4 2024. I should focus on BAC's EPS data in Q4 2024, the latest report period, and the latest earnings release. Additionally, I should search for the latest news and analysis on BAC's Q4 2024 financial performance. I will use FinQuery for the data mentioned above; use Search for the news and analysis.","signal",2001,"rich_text","auto","agent","explain news events","Searching Web",999,"39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","Bank of America's (BAC) EPS grew from $0.70 in Q4 2023 to $0.82 in Q4 2024, which is a 12.9% increase. This growth can be attributed to several key factors:\n\n1. **Strong Investment Banking and Trading Revenues**: BAC's investment banking and trading revenues experienced significant increases, with underwriting income rising by 24.5% and sales and trading revenues growing by 11.7%. These segments contributed positively to the bank's overall performance and helped offset some of the decline in net interest income resulting from higher deposit costs.\n2. **Growth in Assets Under Management**: The total deposit balances at BAC increased by 2.4% year-over-year, reaching $1.9 trillion. This growth in assets under management is a positive indicator, as it reflects continued growth in core banking operations and customer trust.\n\nIn summary, BAC's EPS growth in Q4 2024 was primarily driven by strong investment banking and trading revenues, along with growth in assets under management.","Bank of America's Q4 2024 Earnings: What to Expect","Valued at a market cap of $336.9 billion, Bank of America Corporation BAC is one of the largest financial holding companies in the U.S., serving individuals, businesses, and governments worldwide. Its diverse operations span Consumer Banking, Global Wealth & Investment Management, Global Banking, an...","https:\u002F\u002Fwww.tradingview.com\u002Fnews\u002Fbarchart:8ac783d00094b:0-bank-of-america-s-q4-2024-earnings-what-to-expect\u002F","2024-12-31","oeqxkhszf","oeqxkhszf_layer","base","agent_common_v2\nagent-summary","NONE","typewrite",1743139907036,"stock","169","Querying Stock","Searching Web: Bank of America EPS growth Q4 2024 Analysis","Bank of America EPS growth Q4 2024 Analysis","Bank of America's (BAC) EPS grew from $0.70 in Q4 2023 to $0.82 in Q4 2024, which is a 12.9% increase[^3]",". This growth can be attributed to several key factors:\n\n1","BAC",19,". **Strong Investment Banking and Trading Revenues**: BAC's investment banking and trading revenues experienced significant increases, with underwriting income rising by 24.5% and sales and trading revenues growing by 11.7%[^3]. These segments contributed positively to the bank's overall performance and helped offset some of the decline in net interest income resulting from higher deposit costs.\n2. **Growth in Assets Under Management**: The total deposit balances at BAC increased by 2.4% year-over-year, reaching $1.9 trillion[^3]. This growth in assets under management is a positive indicator, as it reflects continued growth in core banking operations and customer trust.\n\nIn summary, BAC's EPS growth in Q4 2024 was primarily driven by strong investment banking and trading revenues, along with growth in assets under management.","2+697_496_21_554+0+0+2bb09c92-871d-4585-abbe-6b020afabfb1+58e3e9718156d27d5e5073380b76346d+llm_generated+aimeTagAnalysis+0+0.04381762817502022+1","2+697_496_21_554+0+0+2bb09c92-871d-4585-abbe-6b020afabfb1+86db2c40c8e03e45ac55d4301b8e84a3+llm_generated+aimeTagAnalysis+0+0.028478311374783516+2","2+697_496_21_554+0+0+2bb09c92-871d-4585-abbe-6b020afabfb1+84a756dba64dbd669344ad5a3265d300+llm_generated+aimeTagAnalysis+0+0.014455757103860378+3","recommend_query_list","ztxxx06c0a024223920bbbeb1e0926","send_text","item_type","rec_info","display_text","rec_reason","root","relative","iwencai\u002FrecommendList0326","aigc",Array(0),"\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/b929a16.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/28ccbec.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/d9802b5.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/2077034.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/1e0f8d6.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7a5f495.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/921844b.js" defer=""></script>