Bank of America reported Q3 2024 revenue of $25.3 billion, remaining relatively flat year-over-year, while net income declined 11.5% to $6.9 billion. Net interest income decreased to $14.0 billion from $14.4 billion YoY, though noninterest income improved to $11.4 billion from $10.8 billion. Diluted earnings per share fell to $0.81 from $0.90 in the same period last year.The bank demonstrated solid performance across its business segments, with Consumer Banking contributing $2.7 billion in net income, followed by Global Banking at $1.9 billion and Global Markets at $1.5 billion. Global Wealth Management generated $1.1 billion in net income. The bank maintained strong capital positions with a CET1 ratio of 11.8% and total deposits of $1.93 trillion.Management continued to focus on shareholder returns, repurchasing 88 million shares worth $3.5 billion in Q3 and increasing the quarterly dividend to $0.26 per share. The bank's securities financing activities showed growth, with borrowed/purchased securities rising to $787.4 billion from $703.6 billion in December 2023, while maintaining robust credit quality metrics with provisions for credit losses at $1.5 billion.

Bank of America reported Q3 2024 revenue of $25.3 billion, remaining relatively flat year-over-year, while net income declined 11.5% to $6.9 billion. Net interest income decreased to $14.0 billion from $14.4 billion YoY, though noninterest income improved to $11.4 billion from $10.8 billion. Diluted earnings per share fell to $0.81 from $0.90 in the same period last year.The bank demonstrated solid performance across its business segments, with Consumer Banking contributing $2.7 billion in net income, followed by Global Banking at $1.9 billion and Global Markets at $1.5 billion. Global Wealth Management generated $1.1 billion in net income. The bank maintained strong capital positions with a CET1 ratio of 11.8% and total deposits of $1.93 trillion.Management continued to focus on shareholder returns, repurchasing 88 million shares worth $3.5 billion in Q3 and increasing the quarterly dividend to $0.26 per share. The bank's securities financing activities showed growth, with borrowed/purchased securities rising to $787.4 billion from $703.6 billion in December 2023, while maintaining robust credit quality metrics with provisions for credit losses at $1.5 billion.