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. 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 bank's income 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 three quarters of 2023 saw sharp increases. Finally, the net income dropped to 3.14 billion U.S. dollars in the fourth quarter of 2023.
Quarterly net income of Bank of America from 1st quarter 2007 to 4th quarter 2023
(in million U.S. dollars)
Figures were taken from several publications. Year-on-year percentage change was calculated by Statista based on quarterly figures published by Bank of America.
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Bank of America, & Statista. (March 6, 2024). Quarterly net income of Bank of America from 1st quarter 2007 to 4th quarter 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved February 18, 2025, from https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/?__sso_cookie_checker=failed
Bank of America, und Statista. "Quarterly net income of Bank of America from 1st quarter 2007 to 4th quarter 2023 (in million U.S. dollars)." Chart. March 6, 2024. Statista. Accessed February 18, 2025. https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/?__sso_cookie_checker=failed
Bank of America, Statista. (2024). Quarterly net income of Bank of America from 1st quarter 2007 to 4th quarter 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: February 18, 2025. https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/?__sso_cookie_checker=failed
Bank of America, and Statista. "Quarterly Net Income of Bank of America from 1st Quarter 2007 to 4th Quarter 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 6 Mar 2024, https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/?__sso_cookie_checker=failed
Bank of America & Statista, Quarterly net income of Bank of America from 1st quarter 2007 to 4th quarter 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/?__sso_cookie_checker=failed (last visited February 18, 2025)
Quarterly net income of Bank of America from 1st quarter 2007 to 4th quarter 2023 (in million U.S. dollars) [Graph], Bank of America, & Statista, March 6, 2024. [Online]. Available: https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/?__sso_cookie_checker=failed