Bank of America Q1 earnings: net income hits record $3.1B, BAC shares up

April 16, 2024 04:22 AM PDT | By Invezz

Bank of America Q1 earnings: net income hits record $3.1B, BAC shares up — Image source: Invezz

Bank of America’s Chair and CEO Brian Moynihan says,

“We reported solid fourth quarter and full-year results as all our businesses achieved strong organic growth, with record client activity and digital engagement. This activity led to good loan demand and growth in deposits in the quarter and full-year net income of $26.5 billion. Our expense discipline allowed us to continue investing in growth initiatives. Strong capital and liquidity levels position us well to continue to deliver responsible growth in 2024.”

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