Bank of America 3Q23 Financial Results

  • Net income of $7.8B; diluted earnings per share of $0.90; ROE 11.2%, ROTCE 15.5%
  • Revenue, net of interest expense, of $25.2B increased $0.7B, or 3%
  • Provision for credit losses of $1.2B
  • Noninterest expense of $15.8B increased $0.5B, or 3%, vs. 3Q22; declined $0.2B, or 1%, vs. 2Q23
  • Balance sheet remained strong

3Q23 Highlights

3Q23 Financial Results

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