Bank of America, Wells Fargo report profit surge as trading activity powers results
Yahoo Finance·2026-01-14 20:26

Banking giants Bank of America (BAC) and Wells Fargo (WFC) both reported Wednesday morning that their fourth quarter and full-year profits rose from a year ago. For the quarter, Bank of America's net income came in at 7.6billion,a127.6 billion, a 12% rise from a year ago and ahead of forecasts for 7.4 billion. Wells Fargo's net income rose 6% to 5.4billion,inlinewithforecasts.Bothbankinggiantsreportedtheirhighestfullyearnetincomeinfouryears.BankofAmericasearningspersharecameinat5.4 billion, in-line with forecasts. Both banking giants reported their highest full-year net income in four years. Bank of America's earnings per share came in at 0.98, ...