Bank of America is set to report third-quarter earnings.Provision for credit losses: $1.3 billionto be one of the biggest beneficiaries of higher interest rates this year. Instead, the company's stock has been the worst performer among its big-bank peers in 2023. That's because, under CEOin the 10-year Treasury yield than its peers — and more similar to some regional banks that are also nursing underwater bonds.
The situation has pressured the bank's net interest income, or NII, which is a key metric that analysts will be watching this quarter. In July, the bank's CFO, Alistair Borthwick,Top economists unanimous on 'higher for longer' rates as inflation threats lingerMike Trout
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