5 Most Profitable Bank Stocks To Invest In

2. Bank of America Corporation (NYSE:BAC)

Net Income (TTM) as of December 31, 2022: $27.53 billion

Bank of America Corporation (NYSE:BAC) was the second most profitable bank in the United States in 2022 with net income of $27.53 billion. Although the mortgage market has slowed given the higher interest rates, Bank of America Corporation (NYSE:BAC)’s net interest income has increased. For Q4, Bank of America Corporation (NYSE:BAC) CEO Brian Moynihan said, “The themes in the quarter have been consistent all year as organic growth and rates helped deliver the value of our deposit franchise. That coupled with expense management helped drive operating leverage for the sixth consecutive quarter.”