Bank of America Reports First-Quarter 2023 Financial Results

Rhea-AI Summary

Bank of America (NYSE: BAC) announced its first-quarter 2023 financial results on April 18, 2023. The report showcased the bank's extensive reach, serving approximately 68 million consumers and small businesses in the U.S. with around 3,900 retail centers and 15,000 ATMs. Additionally, the company boasts about 56 million verified digital users, highlighting its digital banking growth.

The earnings release is available on the bank's Investor Relations website, where investors can also find details regarding the investor conference call held at 8:30 a.m. ET. This call is important for understanding the drivers behind the bank's recent performance.

Positive

• Serves approximately 68 million consumers and small businesses.
• Operates around 3,900 retail centers and 15,000 ATMs.
• Has 56 million verified digital users, showing growth in digital banking.

Negative

• None.

CHARLOTTE, N.C., April 18, 2023 /PRNewswire/ -- Bank of America reported its first-quarter 2023 financial results today. The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings.

Investor Conference Call information: 
Chief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick will discuss the financial results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is 79795.  Please dial in 10 minutes prior to the start of the call.

Investors can also listen to live audio of the conference call and view the presentation slides by visiting the Events and Presentations section of the company's Investor Relations website.

Replay information for Investor Conference Call: 
Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on April 18 through 11:59 p.m. ET on April 28. 

Bank of America 
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

www.bankofamerica.com

Investors May Contact:

Lee McEntire, Bank of America 
Phone:  1.980.388.6780 
lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income) 
Phone: 1.212.449.3112 
jonathan.blum@bofa.com

Reporters May Contact:

Bill Halldin, Bank of America 
Phone: 1.916.724.0093 
william.halldin@bofa.com

Christopher P. Feeney, Bank of America 
Phone: 1.980.386.6794 
christopher.feeney@bofa.com

 

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SOURCE Bank of America Corporation

FAQ

What are Bank of America's first quarter 2023 earnings results?

Bank of America reported its first-quarter 2023 financial results on April 18, 2023, showcasing its extensive banking operations.

How many consumers does Bank of America serve?

Bank of America serves approximately 68 million consumers and small businesses across the United States.

What time is the Bank of America investor conference call?

The investor conference call is scheduled for 8:30 a.m. ET, conducted on April 18, 2023.

Where can I access Bank of America's quarterly earnings report?

You can access Bank of America's quarterly earnings report on their Investor Relations website.