Bank of America reported higher profit on Thursday as its traders benefited from a flurry of activity in the fourth quarter while the lender predicted it would earn more interest income in 2025. The earnings mirror those of rivals across Wall Street including JPMorgan,

BofA's investment banking fees jumped 44% to $1.7 billion in the fourth quarter, compared with a year earlier. Across the industry, global investment banking revenue jumped 26% to $86.80 billion, led by a 33% surge in North America, according to data from Dealogic. BofA earned the third-highest revenue among banks globally.

Bank of America Corp. posted fourth-quarter profit that topped analysts’ estimates as investment-banking fees hit the highest in three years and net interest income outperformed forecasts.

Bank of America reported higher profit on Thursday as its investment bankers capitalized on resurgence in dealmaking in the fourth quarter.

Bank of America is out with its fourth-quarter results. Like its big peers, its Wall Street businesses drove a surge in profit. Here are the highlights: Profit more than doubled to $6.67 billion. That amounted to $0.

The earnings mirror those of rivals across Wall Street including JPMorgan, Goldman Sachs, Wells Fargo , and Citigroup, whose results were buoyed by stronger equity markets

CNBC's Leslie Picker joins 'Squawk Box' to report on the company's quarterly earnings results.