Investment banking fees exploded 44% to $1.7 billion, pushing Bank of America up the ranks to #3 in the industry, thanks to a surge in deal activity. The Global Wealth and Investment Management division wasn't far behind,

Investors will be keen to hear about the company's target for 2025, especially as expectations for rate cuts have been reined in. Bank of America is scheduled to report fourth-quarter earnings before the opening bell Thursday. How will shifting expectations on interest rates impact Bank of America?

Bank of America stock is trading lower Wednesday after the financial firm reported earnings but Wall Street isn't worried. Here's why.