“The consumers are still spending, and our business clients are profitable and increasingly optimistic,” Bank of America CFO Alastair Borthwick said during a media call on Thursday preceding the Q4 earnings call. “Coupled with our fourth quarter return to operating leverage, we're entering 2025 with good momentum.”

Bank of America Corp.’s Chief Executive Brian Moynihan said the bank is seeing “broad momentum” that “sets up 2025 very well” as the financial giant’s outlook for 2025 net interest income topped analyst estimates. The bank also said it’s seeing more confidence in economic growth from clients.

The nation's second-largest bank issued guidance that net interest income will reach up to $15.7 billion by next year's fourth quarter, a 7% increase.