Quarterly net income of Bank of America 2007-2023
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.
