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0:00 / 0:00I. Executive Summary & Financial Highlights
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Bank of America Revenue Up, Net Income Down Due to Special Charges and Credit Losses

BAC10-KFiling Date: 2/20/2024
Bank of America Corporation
Description

What this story covers

Bank of America's 2023 10-K reveals revenue growth, driven by net interest income. However, net income dipped due to a 2 point 1 billion dollar FDIC assessment, a 1 point 6 billion dollar BSBY charge, and higher credit card loss provisions. Deposits slightly decreased, while loans increased.

Story snapshot

CompanyBank of America Corporation
TickerBAC
VariantStandard detailed
Duration19:38
Filing type10-K
PeriodAnnual 2023
IndustryFinancial Services
Accession0000070858-24-000122

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