Bank of America’s stock (NYSE: BAC) posted a better-than-expected set of Q4 2024 earnings, led by stronger investment banking business and higher net interest

Subscribe to TheStreet's free daily newsletter💰💸 Bank of America analysts revealed that although the U.S. software market grew 59% in 2023 and 23% in 2024, development projections still run below historical averages.

Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024, according to an internal memo seen by Reuters on Friday.

Bank of America is scheduled to post its fourth-quarter earnings report before the opening bell Thursday, with analysts expecting rising revenue and profits.

Bank of America (NYSE:BAC) is allocating a ~$1B restricted stock pool across most of its workforce, an incentive aimed to retain talent, boost profitability and contain expenses, according to a Friday media report.

Berkshire took a new stake in Citigroup ( C 1.88%) in 2022 and the stock currently makes up 1.5% of Berkshire's portfolio. Citigroup has far and away been the worst-performing large U.S. bank stock since the Great Recession and many investors have ditched the stock out of frustration.

Bank of America Corporation (NYSE:BAC), one of the world's largest financial institutions, finds itself at a critical juncture as it navigates a complex economic landscape. With a precise market capitalization of $353.