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Bank of America 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 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.

(Bloomberg) -- 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 ...

Investment-banking fees jumped 43% to $1.69 billion in the fourth quarter, according to a statement Thursday. Net interest income also rose in the quarter, climbing 3% to $14.4 billion.

Its robust results bode well for the banking sector, buoyed by revived deal-making and fundraising as the Federal Reserve cuts interest rates this year to bolster the economy. Goldman Sachs also saw ...