Read More

Bank of America’s Q4 Revenue Dips 10%; CFO Highlights Organic Growth, 4.6M Credit Card Accounts Addition

Bank of America Corp (NYSE: BAC) reported an adjusted net income of $5.9 billion for the fourth quarter of FY23, with an adjusted EPS of $0.70, surpassing the consensus estimate of $0.68. The bank's revenue, net of interest expense, showed a year-over-year decrease of 10% to $22.0 billion, while the adjusted revenue fell by 4% to $23.5 billion, slightly missing the consensus of $23.7 billion.

BAC