Bank of America (BAC) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter decreased from the immediately preceding quarter, while showing an increase compared to the same quarter one year earlier. The trailing twelve-month revenue remained robust.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter decreased from the immediately preceding quarter, while showing an increase compared to the same quarter one year earlier. The trailing twelve-month revenue remained robust.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$25.2B
Revenue reported for this quarter.
Quarter-over-quarter
-4.0%
Change from the immediately preceding quarter.
Year-over-year
+11.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$100.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $24.5B | +7.6% |
| Dec 31, 2022 | $24.5B | +11.2% |
| Mar 31, 2023 | $26.3B | +13.0% |
| Jun 30, 2023 | $25.2B | +11.1% |
Revenue performance
The reported revenue moved lower sequentially, reflecting a decline from the prior quarter's level.
Quarterly comparison
Compared to the prior quarter, revenue contracted; however, compared to the same quarter a year ago, revenue expanded.
What to watch
The sequential decline in revenue warrants attention, especially in the context of the year-over-year growth.