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bank of america reports strong revenue growth and shareholder returns in q4
Bank of America (NYSE:BAC) reported a 15% revenue increase to $25.3 billion, driven by asset management and trading fees, alongside a 3% rise in net interest income. The bank returned $5.5 billion to shareholders and ranks first among affordable stocks favored by hedge funds, with 113 funds invested. Despite market volatility and recession fears, BAC's strong performance positions it well in the current economic landscape.
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