Categories AlphaGraphs, Earnings, Finance

BAC Earnings: A snapshot of Bank of America’s Q4 2022 report

Bank of America Corporation (NYSE: BAC) on Friday announced financial results for the fourth quarter of 2022, reporting higher net profit and revenues.

Bank of America Q4 2022 earnings infographic

Fourth quarter net income was $7.1 billion, or $0.85 per share, compared to $7.0 billion, or $0.82 per share in the corresponding period of 2021. Revenue, net of interest expense, increased 11% to $24.5 billion.

“We ended the year on a strong note growing earnings year over year in the 4th quarter in an increasingly slowing economic environment. The themes in the quarter have been consistent all year as organic growth and rates helped deliver the value of our deposit franchise,” said Bank of America’s CEO Brian Moynihan.

Prior Performance

  • Bank-of-America-Q3-2022-Earnings-Infographic
  • Bank of America Q2 2022 Earnings Infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

AVGO Earnings: Broadcom Q4 profit beats estimates; revenue up 4%

Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in

Costco’s (COST) stock hits a record high ahead of earnings. Here’s what to look for

As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,

Dollar General (DG) faces challenges from inventory shrink in Q3

Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top