 Bank of America Corporation announced an 11 year-over-year increase in its fourth-quarter 2022 revenue, net of interest expense, to 24.5 billion, while generating net income for the period of 7.1 billion, or 0.85 per diluted share, as the higher interest rate environment boosted its results. Wall Street analysts, on average, expected Bank of America to report 4Q revenue of 24.33 billion along with 77 cents a share in earnings, according to Refinitiv. 