BofA Investment Bankers, Traders Help Earnings Top Estimates

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 75 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 63%

Bank Of America News

Investment Banking,Bloomberg,Net Interest Income

(Bloomberg) -- Bank of America Corp.’s Wall Street operations performed better than expected as the company reaped the benefits of volatile markets while net...

-- Bank of America Corp.’s Wall Street operations performed better than expected as the company reaped the benefits of volatile markets while net interest income topped analysts’ estimates.The Cablebus Transformed Commutes in Mexico City’s Populous Outskirts

The second-largest US bank said that net interest income, a key source of revenue for the company, fell 2.9% to almost $14 billion. Analysts had expected a 3.4% drop for NII, the revenue collected from loan payments minus what depositors are paid. Shares of Charlotte, North Carolina-based Bank of America, which gained 24% this year through Monday, climbed 1.6% at 7:26 a.m. in early New York trading.

Net income totaled $6.9 billion, or 81 cents a share, down almost 12% from a year earlier but better than the nearly 16% drop analysts had expected.Honda Motor Co., Ltd. : An Undervalued Foreign Stock to Buy According to Analysts Canadian RegTech Market Canadian RegTech Market Dublin, Oct. 15, 2024 -- The "Canada RegTech Business and Investment Opportunities Databook - 50+ KPIs on RegTech Market Size, By Industry, By Technology, By Type of Product, By Deployment, By Product Offering, Market Share - Q3 2024 Update" report has been added to ResearchAndMarkets.com's offering.The regtech industry in Canada is expected to grow by 18.7% on annual basis to reach US$499.93 million in 2024.

We recently compiled a list of the 7 Most Undervalued Foreign Stocks to Buy According to Analysts. In this article, we are going to take a look at where Baidu, Inc. stands against the other undervalued foreign stocks. Chinese stocks have seen a strong rally since September-end as numerous supportive measures have reignited the investors’ confidence. The

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Barclays adds investment bankers in Toronto, Calgary to senior ranksThe British bank is rebuilding its Canadian staff after more than a dozen left last year to join the Canadian arm of Jefferies Financial Group
Source: globeandmail - 🏆 5. / 92 Read more »

'An investment in Workday is an investment in AI': CEO says.Workday (WDAY) CEO Carl Eschenbach joins Asking for a Trend to discuss the HR software company's outlook and different avenues for growth. Eschenbach expects...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »