American multinational investment bank and financial services holding company, Bank of America (BAC), has beat estimates for its diluted earnings per share (EPS) for its fourth quarter, compared to its profits from Q4 2020. In Q4 2020, BoA profited $5.2b, roughly $0.59 per share, and jumped to $6.7b in 2021 with $0.82 per share. A 39% year-over-year increase! Analysts had originally estimated the bank would hit $0.76 per share for Q4 2021.

Analysts did hit the mark with the bank’s estimated revenue, as it did indeed report at $22.1b. The net interest margin however as the reported value was 1.67%, a 0.01% difference (close call you could say). The strong loan growth has been assumed to have helped boost the net interest income even though the interest rate environment has been taking a hit.