The net income of Bank of America reached record high values at the end of the second quarter of 2021. The net income of the bank was around 9.22 billion U.S. dollars at that time, a significant increase compared to the second quarter of 2020, where the net income was around 3.53 billion U.S. dollars. In the last two quarters of 2021, and the first quarter of 2022, however, the net income of Bank of America decreased moderately compared to the previous quarters. In the second quarter of 2022, the net income of the bank increased again and amounted to approximately 7.06 billion U.S. dollars. The last two quarters of 2022 brought another slight increase for Bank of America's quarterly net income, and the first two quarters of 2023 saw sharp increases.
Quarterly net income of Bank of America from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars)
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Bank of America, & Statista. (July 17, 2023). Quarterly net income of Bank of America from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved September 28, 2023, from https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/
Bank of America, und Statista. "Quarterly net income of Bank of America from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars)." Chart. July 17, 2023. Statista. Accessed September 28, 2023. https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/
Bank of America, Statista. (2023). Quarterly net income of Bank of America from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 28, 2023. https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/
Bank of America, and Statista. "Quarterly Net Income of Bank of America from 1st Quarter 2007 to 2nd Quarter 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 17 Jul 2023, https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/
Bank of America & Statista, Quarterly net income of Bank of America from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/ (last visited September 28, 2023)
Quarterly net income of Bank of America from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars) [Graph], Bank of America, & Statista, July 17, 2023. [Online]. Available: https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/