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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.
Bank of America
Bank of America
Bank of America Revenue by Segment
Revenue by Segment
Consumer Banking Revenue
CapyFin.comGWIM Revenue
CapyFin.comGlobal Banking Revenue
CapyFin.comGlobal Markets Revenue
CapyFin.comAll Other Revenue
CapyFin.com Forward Guidance
The earnings report does not contain specific forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income