Bank of America Corporation (NYSE: BAC) reported its second quarter 2022 earnings results today.
Revenue, net of interest expense, increased 6% year-over-year to $22.7 billion.
Net income was $6.2 billion, or $0.73 per share, compared to $9.2 billion, or $1.03 per share, last year.
While revenues beat expectations, profit fell short of projections.
Average deposits were up 7% to $2 trillion.