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Business

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Business

Bank of America Reports Strong Q4 Earnings Amid Growing Concerns Over Rising Loan Defaults

Bank of America delivered a robust set of earnings for the fourth quarter of 2024, posting strong results driven by higher interest rates and a solid performance from its investment banking division. However, a rising tide of loan defaults, particularly in the consumer sector, has raised concerns about the bank’s future profitability, as the Federal Reserve continues its tightening monetary policies.