Bank of America tops estimates on better-than-expected interest income, investment banking
CNBC - 2024-04-16T10:15:01.000Z

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

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Morgan Stanley tops expectations on wealth management, trading and investment banking results
How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?
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- 2024-04-16T11:00:01.000Z
Wells Fargo earnings top estimates even as lower interest income cuts into profits
Wells Fargo on Friday reported first-quarter earnings and revenue that beat Wall Street expectations, despite a decline in net interest income.
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- 2024-04-12T11:12:53.000Z
Bank of America profit falls on lower customer interest payments
BofA is among the large lenders, including rival JPMorgan, that are weighing the potential for the U.S. Federal Reserve to cut interest rates this year. The move could crimp banks' income from interest payments, but could potentially spur economy activity and borrower demand. BofA's net interest income (NII) -- the difference between what it earns on loans and pays for deposits -- slid 3% to $14 billion in the quarter due to higher deposit costs and modest loan growth.
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- 2024-04-16T10:49:02.000Z