Bank of America inches after touting better-than-expected Q4 net interest income
Investing.comDec 11, 2024 7:20 PM
Investing.com -- Bank of America inched higher on Wednesday after chief executive Brian Moynihan forecast better-than-expected net interest income and talked up the bank's deals pipeline.
Bank of America Corp (NYSE:BAC) was up slightly following the news.
Net interest income is expected to come in around $14.3 billion in Q4. That compared with analyst expectations for $13.95B.
Moynihan also said he sees trading revenue up high to mid-single digits, reaching a record Q4. The bank's pipeline for deals were "high" and "ready to go," the CEO said, adding that investing banking fees likely grew 25% in Q4.
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