### Key Financial Metrics
- Revenue: $46.99 billion (YoY: -2.25%, QoQ: +0.05%)
- Gross Profit: $25.89 billion (YoY: +5.66%, QoQ: +8.33%)
- Operating Income: $8.12 billion (YoY: +11.76%, QoQ: +14.18%)
- Net Income: $7.40 billion (YoY: +10.82%, QoQ: +10.97%)
- EPS: $0.91 (YoY: +18.18%, QoQ: +9.64%)
In this quarter, BofA has effectively managed its expenses, leading to improved operating margins, which indicate sound operational execution despite a challenging revenue environment. The increase in net income is attributed to cost control measures, strategic investments in technology, and a focused expansion of client services.