Bank of America Corporation (NYSE: BAC) reported its third quarter 2022 earnings results today.
Total revenue increased 8% YoY to $24.5 billion.
Net income amounted to $7.1 billion, or $0.81 per share, compared to $7.7 billion, or $0.85 per share, last year.
Both the top and bottom line numbers beat expectations.
Average deposits were up 1% to $2 trillion.
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