Bank of America said today its fourth-quarter earnings rocketed 41% on the purchase of FleetBoston Financial, excellent asset management and consumer loan and deposit growth.

Net income rose to $3.85 billion, or 94 cents a share, compared to $2.73 billion, or 92 cents a share, in the year-earlier period. Analysts were expecting the same numbers. For the full 2004 year, net income rose 31% to $14.14 billion, or $3.69 a share, from $10.81 billion, or $3.57 a share, in the previous year.

Revenue soared 42% to $13.9 billion, from $9.64 billion. Analysts were expecting $13.4 billion. For the full 2004 year, revenue rose 29% to $48.89 billion from $37.91 billion, in the previous year.