Bank of America Q2 2022 net income $6.2B, EPS $0.73, NII up 22% to $12.4B

BANK OF AMERICA CORP /DE/

2022-Q2 EPS reported $1.53 revenue$45,916,000,000

Net income $6.2B, diluted EPS $0.73 for Q2 ended June 30, 2022.
Net interest income rose 22% YoY to $12.4B, driven by higher interest rates and loan growth.
Average loan and lease balances increased 12% YoY to $1.0T; fourth consecutive quarter of positive operating leverage.
Revenue growth outpaced expense growth, contributing to improved efficiency.

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