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Jun 30, 2024
Bank of America Q2 2024 Earnings Report
Bank of America reported a net income of $6.9 billion and EPS of $0.83. Revenue improved year-over-year, led by noninterest income.
Key Takeaways
Bank of America reported a strong quarter with a net income of $6.9 billion, or $0.83 per diluted share. Revenue increased slightly to $25.4 billion, driven by higher asset management and investment banking fees, as well as sales and trading revenue. The company returned $5.4 billion to shareholders through dividends and share repurchases.
Net income was $6.9 billion, or $0.83 per diluted share, compared to $7.4 billion, or $0.88 per diluted share in 2Q23.
Revenue, net of interest expense, was $25.4 billion, up 1% year-over-year.
Sales and trading revenue increased 9% to $4.7 billion.
CET1 ratio was 11.9%, 122 bps above the new regulatory minimum.
Revenue by Segment
Forward Guidance
The earnings report does not contain specific forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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