Bank of America (NYSE:BAC) posted better-than-expected results for the fourth quarter of fiscal 2024. The bank's performance highlighted robust earnings growth, solid revenue figures, and notable returns on equity and assets.

Earnings per share for the quarter came in at 82 cents, exceeding analysts’ expectations of 77 cents. Total revenue, net of interest expense, reached $25.3 billion, slightly surpassing the projected $25.13 billion.

Net interest income (NII) was another bright spot, coming in at $14.36 billion, above the forecasted $14.12 billion. On a fully taxable equivalent (FTE) basis, NII rose to $14.51 billion, outperforming estimates of $14.34 billion.

Key profitability metrics also exceeded expectations. The bank reported a return on average equity of 9.37%, ahead of the projected 8.75%, and a return on average tangible common equity of 12.6%, surpassing the 11.9% estimate. Return on average assets was 0.8%, topping the Street forecast of 0.74%.