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Bank of America Posts Strong Revenue and Raises Quarterly Dividend

Bank of America logoBank of America
Sig1.95Sen+2.65Env0.00Soc0.00Gov+1.00

Norges Bank and Capital International Investors bought new Bank of America positions in the fourth quarter. The bank reported quarterly revenue of $31.56 billion, above estimates, and analysts project 4.68 EPS for the year. A quarterly dividend was announced, increased from the prior $0.28, while analysts highlighted AI investment supporting commercial-loan growth and issued buy-side price targets.

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