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 Nyheter

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 83. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

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
Källa: globeandmail - 🏆 5. / 92 Läs mer »

'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...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »