Strong digital usage continues for Bank of America
Banking Frontiers|August 2023
Bank of America has just released its second-quarter financial report, showcasing outstanding growth and strong digital adoption across its platforms.
Strong digital usage continues for Bank of America

The bank reported net income of $7.4 billion for Q2-23, EPS of $0.88, up 21% YOY, revenue grew 11% led by 14% improvement in net interest income to $14.2 billion.

Strong digital usage highlights:

◆ Record 74% of overall households actively using digital platforms.

◆ Record 46 million active digital banking users, up 7% or 3.0 million.

This story is from the August 2023 edition of Banking Frontiers.

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This story is from the August 2023 edition of Banking Frontiers.

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