Strong Revenue and EPS Growth
Bank of America reported revenue of $28 billion, up 11% year over year, and EPS of $1.06, up 31% year over year.
Investment Banking and Asset Management Performance
Investment banking fees exceeded $2 billion, up 43% year over year. Asset management fees increased by 12% compared to last year.
Consumer Banking Achievements
Consumer banking delivered $3.4 billion in after-tax earnings, up 28% year over year, with 600 basis points of operating leverage.
Record Net Interest Income
Net interest income on an FTE basis reached a record $15.4 billion, supported by strong commercial loan and deposit growth.
Global Wealth and Investment Management Success
The segment posted net income of nearly $1.3 billion, up 19%, driven by strong asset management and loan growth.