Bank of America Reports $30 Billion in Third-Quarter Revenue, Up 3% Year Over Year

Bank of America reported third-quarter revenue of $30 billion on October 14, a 3% increase year over year. Net income was $6.9 billion compared to $8.3 billion in the same period last year; diluted earnings per share were $0.91 versus $1.04 a year ago. Excluding $1.2 billion in regulatory settlement charges, adjusted net income was $8.1 billion with adjusted earnings per share of $1.08. Net interest income rose 8% to $16.4 billion, while credit loss provisions remained flat at $1.3 billion compared to the prior year.