Bank of America (BAC) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter was virtually unchanged from the prior quarter, while it increased compared to the same quarter last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter was virtually unchanged from the prior quarter, while it increased compared to the same quarter last year.
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
-0.1%
Change from the immediately preceding quarter.
Year-over-year
+2.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$101.2B
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 |
|---|---|---|
| Dec 31, 2022 | $24.5B | +11.2% |
| Mar 31, 2023 | $26.3B | +13.0% |
| Jun 30, 2023 | $25.2B | +11.1% |
| Sep 30, 2023 | $25.2B | +2.7% |
Revenue performance
The reported revenue was slightly below the prior quarter's level, reflecting a near-flat sequential result.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher; however, the year-over-year growth rate was the smallest among recent quarters.
What to watch
Revenue has exhibited a narrow range over the past four quarters, making any deviation from this pattern noteworthy.