Published 13 days ago

Bank of America tops estimates on better-than-expected interest income, investment banking

Bank of America's net interest income decreased by 3% to $14 billion, affected by an uncertain economic outlook and US interest rate cuts.
Investment banking fees surged by 35% to $1.6 billion, while revenue in this sector increased for JPMorgan Chase and Citigroup.
Goldman Sachs' profit exceeded estimates due to underwriting, deals, and bond trading, leading to its highest earnings per share since late 2021.

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Reuters

Bank of America profit falls on lower customer interest payments

13 days ago·United Kingdom

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CNBC

Bank of America tops estimates on better-than-expected interest income, investment banking

Will Bank of America follow rivals in posting better-than-expected Wall Street revenue?

13 days ago·United States

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RTÉ

Bank of America profit falls on lower interest payments

Bank of America said today that its profit for the first three months of the year fell as the lender earned less from customer interest payments.

13 days ago·Ireland

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The Straits Times

Bank of America tops estimates as traders boast best quarter in decade

Revenue from equities trading jumped 15 per cent to US$1.87 billion in the first three months of 2024 Read more at straitstimes.com.

13 days ago·Singapore

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Bloomberg

BofA Tops Estimates As Traders Notch Best Quarter In Decade

Bank of America Corp. traders notched one of their best first quarters on record as the company also reaped the benefits of elevated borrowing costs that pushed net interest income above analysts’ estimates.

13 days ago·United States

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