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International Business Times
International Business Times
Business
Mark Moore

Bank of America Is The Latest Big Bank To Show Big Earnings

Bank of America BofA
Bank of America reported that its fourth quarter profits doubled from the same period in 2023. (Credit: Reuters)

Bank of America on Thursday announced profits more than doubled in the fourth quarter, surging to $6.7 billion from $3.1 billion in the same period last year - another in a wave of favorable reports from the nation's biggest banks.

The 111% increase in earnings buoyed its full-year profits to $27.1 billion.

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