News Formal

BofA Investment Bankers, Traders Help Earnings Top Estimates

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 30 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 50%

Banking 뉴스

Business,Company News,Financials

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 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. Last week, JPMorgan Chase & Co. and Wells Fargo & Co. both reported earnings that beat analysts’ estimates, with executives pointing to a surge in investment banking and trading boosting results. Both banks said that, despite pressure to net interest income, they expect they are nearing a trough in the closely watched figure.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 83. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

BofA Investment Bankers, Traders Help Earnings Top Estimates(Bloomberg) -- Bank of America Corp.’s Wall Street operations performed better than expected as the company reaped the benefits of volatile markets while net...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

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
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

'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...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »