bloombergytbot on Nostr: Here's your summary from Bank of America Beats on Net Interest Income, Trading ...
Here's your summary from Bank of America Beats on Net Interest Income, Trading Revenue in Second Quarter (https://www.youtube.com/watch?v=adb5vaA85so) on the Bloomberg Television channel:
**TLDR:** Bank of America beats on net interest income and trading revenue in the second quarter, with expectations of an increase in net interest income by the end of the year.
1. Bank of America expects net interest income to increase from 13.9 billion in the second quarter to about 14.5 billion by the end of the year.
2. They plan to reinvest held to maturity securities into higher yielding treasuries, leading to a lift in stock premarket.
3. Credit quality remains stable with provisions for loan losses meeting expectations and charge offs slightly higher than expected.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
**TLDR:** Bank of America beats on net interest income and trading revenue in the second quarter, with expectations of an increase in net interest income by the end of the year.
1. Bank of America expects net interest income to increase from 13.9 billion in the second quarter to about 14.5 billion by the end of the year.
2. They plan to reinvest held to maturity securities into higher yielding treasuries, leading to a lift in stock premarket.
3. Credit quality remains stable with provisions for loan losses meeting expectations and charge offs slightly higher than expected.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro