Bank of America registers 6% Y/Y increase in Global Markets income in Q1 2023

Bank of America registers 6% Y/Y increase in Global Markets income in Q1 2023

Bank of America Corp (NYSE:BAC) has just released its financial report for the first three months of 2023.

Across all segments, net income rose 15% to $8.2 billion, or $0.94 per diluted share, compared to $7.1 billion, or $0.80 per diluted share for Q1-22.

Pre-tax income increased 15% to $9.1 billion.

Revenue, net of interest expense, increased 13% from the year-ago quarter to $26.3 billion.

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