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Bank of America Corp (NYSE: BAC) reported second-quarter FY22 revenue of $22.7 billion, up 6% year-on-year, marginally missing the consensus of $22.78 billion. Net income of $6.2 billion plunged ...
Bank of America said its profits fell in the second quarter, as higher interest rates ate into BofA's expenses, including its large consumer banking franchise. On a per share basis, BofA earned 83 ...
The bank had higher sales and trading revenue from its stock and bond trading desks and more advisory revenue from its bankers. Total revenue at the bank was $25.4 billion, up modestly from $25.2 billion in the same period a year earlier. In morning trading, Bank of America Corp. shares rallied 5.2% to $44.09. 07/16/2024 14:50 -0400
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The history of Bank of America dates back to October 17, 1904, when Amadeo Pietro Giannini (1870–1949) founded the Bank of Italy, in San Francisco. [14] In 1922, Bank of America, Los Angeles was established with Giannini as a minority investor.
This list has all global annual earnings of all time, limited to earnings of more than $40 billion in "real" (i.e. CPI adjusted) value. Note that some record earning may be caused by nonrecurring revenue, like Vodafone in 2014 (disposal of its interest in Verizon Wireless) [1] or Fannie Mae in 2013 (benefit for federal income taxes).
In the private sector, a quarterly finance report is a financial report that covers three months of the year, which is required by numbers of stock exchanges around the world to provide information to investors on the state of a company.
That's 8% better than the company's net income of $6.80 billion reported in the second quarter of 2018.Bank of America earnings for the second quarter of 2019 also includes revenue of $23.10 billion.