US EditionBank of America Beats Quarterly Profit Estimates
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8 Articles
Bank of America exceeded Wall Street's profit estimates, benefiting from excellent investment banking performance in the third quarter, and improved its net interest income prospects, bringing its shares up 4.37% on Wall Street. Net interest income increased 9% to $15.2 billion in the quarter over the previous year. BofA had previously said that it expected record net interest income in 2025."The strong growth in loans and deposits, along with a…
Bank of America beats profit estimates on dealmaking strength, upgrades NII forecast
Bank of America beat Wall Street estimates for profit, benefiting from bumper third-quarter investment banking, and upgraded its outlook for net interest income, sending its shares up 5% in early trading. The post Bank of America beats profit estimates on dealmaking strength, upgrades NII forecast first appeared on The Journal Record.
Bank of America beat expectations in the third quarter with significantly higher results, thanks to buoyant financial markets and the arrival of new clients, according to a press release released Wednesday.
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