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BAC Earnings: Key quarterly highlights from Bank of America’s Q1 financial results

Bank of America Corporation (NYSE: BAC) reported first quarter 2022 earnings results today.

Total revenue, net of interest expense, increased 2% year-over-year to $23.2 billion.

Net income was $7.1 billion, or $0.80 per share, compared to $8.1 billion, or $0.86 per share, in the year-ago quarter.

Average deposits were up 13% to $2 trillion.

Prior performance

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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