BUZZ-PREVIEW: Bank of America gains ahead of fourth-quarter earnings
** Shares of Bank of America BAC.N, the second-biggest U.S. lender, rise 3.1% to $47.19, a day ahead of earnings, as upbeat results from peers boost confidence throughout the banking industry
** BAC is set to report fourth-quarter earnings before markets open on Thursday
** U.S. lender is expected to report Q4 profit of 77 cents per share vs 35 cents per share a year earlier, according to estimates compiled by LSEG
** Investors will pay close attention to bank executives' commentary on net interest income
** BAC's revenue is expected to jump ~14% to $25.19 bln in the quarter
** Investment banking at peers such as JPMorgan Chase JPM.N, Citigroup C.N and Goldman Sachs GS.N has seen strong growth
** 20 of 25 analysts rate the stock "buy" or higher, 5 "hold"; their median PT is $52 — LSEG
** BAC stock gained 30.5% in 2024
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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