How much money does Bank of America make a year?

The company's revenue aligned with projections, coming in at $25.8 billion. Bank of America is a leading financial institution in the United States, with a significant presence in consumer banking, wealth management, global banking, and markets.

What boosted Bank of America's profit in the second quarter?

Rising interest rates and expanded lending bolstered Bank of America’s profit in the second quarter, even as the company paid higher rates on deposits and increased its cushion against bad loans, which are rising compared with last year but remained below prepandemic levels. A Bank of America branch in New York.

Did Bank of America beat consensus estimates?

Bank of America beat consensus estimates for earnings and revenue. (Marissa Alper for The Wall Street Journal) Bank of America reported its third-quarter earnings. Shares edged higher in morning trading, up about 0.4%. The company earned $7.8 billion, up 10% from $7.1 billion a year earlier.