Bank of America tops estimates on better-than-expected interest income, investment banking
- Bank of America's net interest income decreased by 3% to $14 billion, affected by an uncertain economic outlook and US interest rate cuts.
- Investment banking fees surged by 35% to $1.6 billion, while revenue in this sector increased for JPMorgan Chase and Citigroup.
- Goldman Sachs' profit exceeded estimates due to underwriting, deals, and bond trading, leading to its highest earnings per share since late 2021.
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Leaning Left1Leaning Right2Center4Last Updated18 days agoBias Distribution57% Center