Bank of America released its Q3-2023 financial results, revealing a 10% increase in net income to $7.8 billion, equating to $0.90 per diluted share, compared to $7.1 billion, or $0.81 per diluted share in Q3-22 according to the Q3-2023 Report provided by Bank of America.

Bank of America's 2023 Women & Minority Business Owner Spotlight revealed that a majority of small business owners across the United States maintain a positive outlook for their businesses, with 67% expecting revenue growth in the next year, despite challenges posed by inflation and operating costs. The report highlights these findings regarding small business sentiment from an online survey conducted by Bank of America.