Bank of America’s Q4: strong deposit franchise and rising NII signal compelling value despite near-term headwinds 👀🏦; Morgan Stanley’s record earnings mask deeper strategic evolution 📈💸

FinTech is Eating the World, 21 January

Hey Everyone,

Good morning & happy Tuesday! Today we’re continuing the earnings season and diving into two other fascinating Wall Street giants - Bank of America whose strong deposit franchise and rising NII signal compelling value despite near-term headwinds (unpacking their latest Q4 2024 numbers what they mean, what’s next & whether BoA is worth your time and money in 2025 + bonus deep dives into other banking giants), and Morgan Stanley’s record Q4 earnings that mask deeper strategic evolution (breaking down the key numbers, what they mean & what’s next for Morgan Stanley). So let’s just jump straight into the good stuff 🌶️

Bank of America’s Q4: strong deposit franchise and rising NII signal compelling value despite near-term headwinds 👀🏦

Earnings calling ☎️ It’s earnings season, and banking giant Bank of America BAC 0.00%↑ late last week posted results that topped expectations for profit and revenue on better-than-expected investment banking and interest income.

In short, BoA’s Q4 2024 results demonstrate the resilience and strength of its diversified banking franchise, with several key metrics pointing to sustainable growth and improving profitability.

Let’s take a closer look at the most important numbers, see what they mean, and what’s next for BoA.