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Bank Of America Corporation  (BAC)
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    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 


Solid numbers by BAC amid the second quarter of 2022 earnings season

BAC announced second quarter of 2022 operating profit of $7415 millions

Published 2022-07-30T12:42:19-04:00
Goran Soko / CSIMarket.com Contributer

Bank_interior_By_IvoShandor_(Author)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsThe Money Center Banks company announced mixed results in the second quarter of 2022 earnings season, where Revenue grew by 5.693 % to $22.69 billions relative to $21.47 billions on a year-over-year basis, while EPS dropped by -29.13 % to $0.73 per share, from $1.03 in the prior year financial reporting period.

Revenue decreased by -2.325 % from $23.23 billions in previous period, EPS decreased by -8.75 % from $0.80 per share.


Net income of $6,247.000 millions in the fiscal interval ending June 30 2022 fell by -32.27 % from $9,224.000 millions in the corresponding period a year before. Bank Of America Corporation shifted it's focus on improving sales in the fiscal interval ending June 30 2022, as a result net margin eased to 27.53%.
Operating earnings, however, rose 15.48% to $7415 millions.

Bank Of America Corporation is expected to report next financial recent numbers on October 28, 2022.


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Other BAC's Earnings Reports

Bank Of America reported third quarter 2022 earnings

Bank Of America reported first quarter 2021 earnings

Bank Of America reported fourth quarter 2021 earnings

       
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