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.
in the 10-year Treasury yield than its peers — and more similar to some regional banks that are also nursing underwater bonds. Bank of America had more than $100 billion in paper losses on bonds at 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,
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